Purchase of Own Securities

Schroder UK Growth Fund PLC
24 January 2000

PURCHASES OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 21 January 2000, the Company
purchased 402,230 shares for cancellation, at a price of 144.50 pence per share.
 Following the purchase, there are a further 215,263,985 shares in issue. 

Enquiries:

John Spedding
Schroder Investment Management Limited        Tel:  [phone]