Director Shareholding

Schroder UK Growth Fund PLC
19 November 2003

              NOTIFICATION OF INTEREST OF DIRECTORS AND CONNECTED

                                    PERSONS

All relevant boxes should be completed in block capital letters.


1.

Name of company

Schroder UK Growth Fund plc

2.

Name of director

K M Niven




3.

Please state whether notification indicates that it is in respect of holding of
the director named in 2 above or holding of that person's spouse or children
under the age of 18 or in respect of a non-beneficial interest

Director and Spouse


4.

Name of registered holder(s) and, if more than one holder, the number of shares
held by each of them (if notified)

Schroder Nominees Limited as a registered holder of shares
in the Schroder PEP/ISA plan.


5.

Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)

Notification includes Director's Wife - Mrs L A Niven


6.

Please state the nature of the transaction. For PEP transactions please indicate
whether general/single co PEP and if discretionary/non discretionary

Plan Charge Repurchase



7.

Number of shares/amount of stock acquired

-


8.

Percentage of issued class

-


9.

Number of shares/amount of stock disposed


63


10.

Percentage of issued class


0.000037%



11.

Class of security

Ordinary Shares



12.

Price per share

91.50p



13.

Date of transaction

3 October 2003



14.

Date company informed


17 November 2003


15.

Total holding following this notification

25,267 Ordinary Shares


16.

Total percentage holding of issued class following this notification


0.015%



If a director has been granted options by the company please complete the
following boxes.


17.

Date of grant



18.

Period during which or date on which exercisable



19.

Total amount paid (if any) for grant of the option


20.

Description of shares or debentures involved: class, number


21.

Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise


22.

Total number of shares or debentures over which options held following this
notification


23.

Any additional information

Director not yet informed


24.

Name of contact and telephone number for queries.

John Spedding Tel: [phone]


25.

Name and signature of authorised company official responsible for making this
notification

Date of notification 17 November 2003





John Spedding

For SCHRODER INVESTMENT MANAGEMENT LIMITED

Secretaries




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