Purchase of Own Securities

Schroder UK Growth Fund PLC
16 December 1999


                    SCHRODER UK GROWTH FUND plc

               PURCHASE OF SHARES FOR CANCELLATION


Schroder UK Growth Fund plc announces that on 16 December 1999, the Company
purchased 202,000 shares for cancellation, at an average price of 141.49 pence
per share.  Following the purchases, there are a further 221,174,851 shares in
issue.

Enquiries:

John Spedding
Schroder Investment Management Limited          Tel: [phone]