Purchase of Own Securities

Schroder UK Growth Fund PLC
28 November 2000


                    PURCHASE OF SHARES FOR CANCELLATION

Schroder UK Growth Fund plc announces that on 27 November 2000, the Company
purchased a total of 85,000 shares for cancellation at a price of 140.50 pence
per share.  Following this purchase, there are a further 197,255,263 shares in
issue.

Enquiries:

John Spedding
Schroder Investment Management Limited                    Tel: [phone]