Purchase of Own Securities

SCHRODER UK GROWTH FUND PLC
26 October 1999


PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 26 October 1999, the Company
purchased 72,500 shares for cancellation, at an average price of 139.41 pence
per share.  Following the purchase, there are a further 222,037,615 shares in
issue.

Enquiries:
John Spedding
Schroder Investment Management Limited    Tel:  [phone]