Purchase of Own Securities

Schroder UK Growth Fund PLC
31 January 2000


                          
                    PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 28 January 2000, the Company
purchased 83,054 shares for cancellation at a price of 145.50 pence per share. 
Following the purchase, there are a further 214,299,249 shares in issue.


Enquiries:

John Spedding
Schroder Investment Management Limited                     Tel: [phone]