Purchase of Own Securities

SCHRODER UK GROWTH FUND PLC
14 October 1999


PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 13 October 1999, the Company
purchased 22,966 shares for cancellation, at a price of 142.50 pence per share. 
Following the purchase, there are a further 223,241,570 shares in issue.

Enquiries:

John Spedding
Schroder Invesment Management Limited
Tel: [phone]