Transaction in Own Shares

Schroder UK Growth Fund PLC
20 December 2007

                                                                20 December 2007


                    Cancellation of shares held in treasury


Schroder UK Growth Fund plc (the 'Company') announces that on 19 December 2007,
2,900,000 of the Company's Ordinary shares of 25p each which had previously been
held in treasury were cancelled.

Following this cancellation of shares, the Company's issued share capital
consists of 160,275,900 Ordinary shares of 25p each, of which 3,399,000 are held
in treasury by the Company. The total number of voting rights in the Company is
therefore 156,876,900.


Enquiries:

John Spedding
Schroder Investment Management Limited                 Tel: [phone]








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