Purchase of Own Securities

Schroder UK Growth Fund PLC
25 September 2000


                       PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund Plc announces that on 22 September 2000, the Company
purchased 80,000 shares for cancellation, at a price of 145.50 pence per share.
Following the purchase, there are a further 201,180,263 shares in issue.

Enquiries:

John Spedding
Schroder Investment Management Limited       Tel: [phone]