Purchase of Own Securities

Schroder UK Growth Fund PLC
3 November 2000


PURCHASE OF WARRANTS FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 2 November 2000, the Company
purchased 185,000 warrants for cancellation, at a price of 44.00 pence per
warrant.  Following this purchase, there are a further 26,548,939 warrants in
issue which can be exercised at the subscription price of 100p per share on 31
August (or if not a business day the next business day) in any of the years 2001
and 2002 both inclusive.

Enquiries:

John Spedding                                Tel:  [phone]
Schroder Investment Management Limited