Purchase of Own Securities

Schroder UK Growth Fund PLC
24 August 2000

               PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 23 August 2000, the Company
purchased 105,000 shares for cancellation, at a price of 151.00 pence per share.
 Following the purchase, there are a further 202,348,123 shares in issue.

Enquiries:

John Spedding
Schroder Investment Management Limited                Tel:  [phone]