Issue of Equity - Replacement

Schroder UK Growth Fund PLC
14 November 2007



                                                                14 November 2007


Schroder UK Growth Fund plc notifies that the announcement released to the
market on 13 November 2007 under RNS number 6536H at 16.51 omitted the following
paragraph:



Pursuant to Listing Rule 15.5.1, the Company and Board are satisfied that there
is no inside information on the Company that has not been notified to the
market.



The full text of the revised announcement appears below.



                    SALE OF COMPANY'S OWN SHARES FROM TREASURY



The Board of Schroder UK Growth Fund plc (the 'Company') announces that a total
of 250,000 of the Company's Ordinary shares of 25p each were sold on 13 November
2007 from the shares held in treasury. These shares were sold at a price of
148.75p per share, representing a premium to underlying net asset value.

The resultant total number of Ordinary shares held in treasury by the Company is
6,299,000. The number of Ordinary shares that the Company has in issue, less the
total number of Ordinary Shares held by the Company in treasury following such
sale, is 156,876,900, with each share carrying the right to one vote.

Pursuant to Listing Rule 15.5.1, the Company and Board are satisfied that there
is no inside information on the Company that has not been notified to the
market.





Enquiries:



Louise Richard

Schroder Investment Management Limited                  Tel: [phone]








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