Purchase of Own Securities

Schroder UK Growth Fund PLC
23 December 1999

                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 22 December 1999, the Company
purchased 62,078 shares for cancellation, at a price of 144.00 pence per share.
Following the purchases, there are a further 220,775,168 shares in issue.

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