Purchase of Own Securities

Schroder UK Growth Fund PLC
23 October 2000


                   PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 20 October 2000, the Company
purchased 60,000 shares for cancellation, at a price of 141.50 pence per share.
Following the purchase, there are a further 199,495,263 shares in issue.

Enquiries:

John Spedding
Schroder Investment Management Limited                Tel: [phone]