Purchase of Own Securities

Schroder UK Growth Fund PLC
17 December 1999

Purchase of Shares for Cancellation

Schroder UK Growth Fund plc announces that on 17 December 1999, the Company
purchased 135,905 shares for cancellation, at a price of 141.60 pence per share.
 Following the purchases, there are a further 221,038,946 shares in issue.

Enquiries:
John Spedding
Schroder Investment Management Limited   Tel:  [phone]