Purchase of Own Securities

Schroder UK Growth Fund PLC
18 January 2001


PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 17 January 2001, the Company
purchased a total of 60,000 shares for cancellation at a price of 134.50 pence
per share. Following these purchases, there are a further 194,465,263 shares in
issue.


Enquiries:

John Spedding
Schroder Investment Management Limited             Tel: [phone]