Purchase of Own Securities

Schroder UK Growth Fund PLC
24 December 1999


                          SCHRODER UK GROWTH FUND PLC

                       Purchase of Shares for Cancellation

Schroder UK Growth Fund plc announces that on 23 December 1999, the Company
purchased 236,369 shares for cancellation, at an average price of 148.11 pence
per share.  Following the purchases, there are a further 220,538,799 shares in
issue.

Enquiries:

John Spedding
Schroder Investment Management Limited            Tel: [phone]