Purchase of Own Securities

Schroder UK Growth Fund PLC
23 June 2000

PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 22 June 2000, the Company
purchased 310,554 shares for cancellation, at a price of 149.40 pence per share.
 Following the purchase, there are a further 204,702,546 shares in issue.

Enquiries:

John Spedding
Schroder Investment Management Limited          Tel:  [phone]