Purchase of Own Securities

Schroder UK Growth Fund PLC
12 April 2001




                                                                 12 April 2001



                     Purchase of Shares For Cancellation



Schroder Emerging Countries Fund plc announces that on 11 April 2001, the
Company purchased 450,000 shares for cancellation, at a price of 54.00 pence
per share. Following the purchase, there are a further 94,611,800 shares in
issue.




Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]