Purchase of Own Securities

Schroder UK Growth Fund PLC
30 March 2001

                                                                 30 March 2001

                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 29 March 2001, the Company
purchased a total of 105,000 shares for cancellation at a price of 119.50
pence per share. Following these purchases, there are a further 192,203,263
shares in issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]