Purchase of Own Securities

Schroder UK Growth Fund PLC
21 March 2000


                    PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund Plc announces that on 17 March 2000, the Company 
purchased 33,296 shares for cancellation, at a price of 162.50 pence per
share. Following the purchase, there are a further 210,075,283 shares
in issue.


Enquiries: 

John Spedding
Schroder Investment Management Limited             Tel: [phone]