Purchase of Own Securities

Schroder UK Growth Fund PLC
3 July 2000


                       PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund Plc announces that on 30 June 2000, the Company
purchased 40,403 shares for cancellation, at a price of 145.19 pence per share.
Following the purchase, there are a further 204,299,181 shares in issue.


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