Purchase of Own Securities

Schroder UK Growth Fund PLC
23 July 2001


                                                                  23 July 2001


                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 20 July 2001, the Company
purchased a total of 50,000 shares for cancellation at a price of 112.00 pence
per share. Following this purchase, there are a further 186,237,263 shares in
issue.




Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]