Purchase of Own Securities

Schroder UK Growth Fund PLC
18 June 2001


                                                                  18 June 2001

                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 15 June 2001, the Company
purchased a total of 200,000 shares for cancellation at a price of 119.50
pence per share. Following this purchase, there are a further 188,935,263
shares in issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]