Purchase of Own Securities

Schroder UK Growth Fund PLC
11 August 2000

                      PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 11 August 2000, the Company
purchased 150,000 shares for cancellation, at a price of 147.50 pence per share.
 Following the purchase, there are a further 203,111,717 shares in issue.

Enquiries:
John Spedding
Schroder Investment Management Limited      Tel:  [phone]