Purchase of Own Securities

Schroder UK Growth Fund PLC
12 June 2002


                                                                    12 June 2002

                      Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 11 June 2002 the Company purchased
a total of 60,000 shares for cancellation at a price of 94.50 pence per share.
Following this purchase, there are a further 171,881,746 shares in issue.


Enquiries:

John Spedding
Schroder Investment Management Limited          Tel: [phone]


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