Purchase of Own Securities

Schroder UK Growth Fund PLC
12 January 2001



                   PURCHASES OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 11 January 2001, the Company
purchased a total of 100,000 shares for cancellation at a price of 133.50
pence per share.  Following these purchases, there are a further 194,840,263
shares in issue.

Enquiries:

John Spedding
Schroder Investment Management Limited                 Tel: [phone]