Purchase of Own Securities

Schroder UK Growth Fund PLC
3 January 2002



                                                                3 January 2002


                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 2 January 2002 the Company
purchased a total of 140,000 shares for cancellation at a price of 109.00
pence per share. Following this purchase, there are a further 179,700,746
shares in issue.



Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]