Purchase of Own Securities

Schroder UK Growth Fund PLC
11 May 2000

                   PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 10 May 2000, the Company purchased
97,166 shares for cancellation, at a price of 142.50 pence per share. Following
the purchase, there are a further 207,314,117 shares in issue.

Enquiries:

John Spedding    
Schroder Investment Management Limited            Tel:  [phone]