Purchase of Own Securities

Schroder UK Growth Fund PLC
3 August 2001

                                                                 2 August 2001


                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 1 August 2001, the Company
purchased a total of 200,000 shares for cancellation at a price of 113.50
pence per share. Following this purchase, there are a further 185,482,263
shares in issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]