Purchase of Own Securities

Schroder UK Growth Fund PLC
22 February 2001







                                                              22 February 2001




                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 21 February 2001, the Company
purchased a total of 50,000 shares for cancellation at a price of 131.50 pence
per share. Following these purchases, there are a further 193,605,263 shares
in issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]