Purchase of Own Securities

Schroder UK Growth Fund PLC
2 July 2002

                                                                     2 July 2002

                      Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 1 July 2002 the Company purchased
a total of 55,000 shares for cancellation at a price of 88.50 pence per share.
Following this purchase, there are a further 171,581,746 shares in issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]




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