Purchase of Own Securities

Schroder UK Growth Fund PLC
26 May 2000

PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 25 May 2000, the Company purchased
116,712 shares for cancellation, at a price of 145.50 pence per share. Following
the purchase, there are a further 206,639,778 shares in issue.

Enquiries:

John Spedding
Schroder Investment Management                  Tel: [phone]