Purchase of Own Securities

SCHRODER UK GROWTH FUND PLC
22 October 1999

PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 22 October 1999, the Company
purchased 42,487 shares for cancellation, at a price of 139.50 pence per share.
Following the purchase, there are a further 222,182,360 shares in issue.

Enquiries:

John Spedding
Schroder Investment Management Limited            Tel:  [phone]