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 24 December 1999, the Company
purchased 114,874 shares for cancellation, at an average price of 149.50 pence
per share.  Following the purchases, there are a further 220,423,925 shares in
issue.


Enquiries:

John Spedding
Schroder Investment Management Limited       Tel:  [phone]