Purchase of Own Securities

Schroder UK Growth Fund PLC
1 June 2001



                                                                1 June 2001

                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 31 May 2001, the Company
purchased a total of 30,000 shares for cancellation at a price of 122.50 pence
per share. Following this purchase, there are a further 190,360,263 shares in
issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]