Purchase of Own Securities

Schroder UK Growth Fund PLC
30 December 1999


PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 29 December 1999, the Company
purchased 115,839 shares for cancellation, at an average price of 149.50 pence
per share.  Following the purchases, there are a further 220,308,086 shares in
issue.

Enquiries:

Christine Higgens
Schroder Investment Management Limited               Tel:  [phone]