Purchase of Own Securities

Schroder UK Growth Fund PLC
18 October 2000

Schroder UK Growth Fund plc announces that on 17 October 2000, the Company
purchased 95,000 shares for cancellation, at a price of 141.50 pence per share.
Following the purchase there are a further 199,670,263 shares in issue.

Enquiries:

John Spedding
Schroder Investment Management Limited          Tel:  [phone]