Purchase of Own Securities

Schroder UK Growth Fund PLC
6 April 2000


PURCHASE OF WARRANTS FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 6 April 2000, the Company
purchased 150,000 warrants for cancellation, at a price of 58.50 pence per
warrant.  Following the purchases, there are a further 27,952,007 warrants in
issue which can be exercised at the subscription price of 100p per share on 31
August (or if not a business day the next business day) in any of the years 2000
to 2002 both inclusive.

Enquiries:

John Spedding
Schroder Investment Management Limited       Tel: [phone]