Purchase of Own Securities

Schroder UK Growth Fund PLC
14 December 1999

PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 14 December 1999, the Company
purchased 236,063 shares for cancellation, at a price of 139.98 pence per share.
 Following the purchases, there are a further 221,511,851 shares in issue.

Enquiries:

John Spedding
Schroder Investment Management Limited          0171 658 3206