Purchase of Own Securities

Schroder UK Growth Fund PLC
16 August 2001






                                                                16 August 2001




                    Purchase of Warrants For Cancellation


Schroder UK Growth Fund plc announces that on 16 August 2001, the Company
purchased 300,000 warrants for cancellation, at a price of 19.00 pence per
warrant. Following this purchase, there are a further 25,223,939 warrants in
issue which can be exercised at the subscription price of 100p per share on 31
August (or if not a business day the next business day) in any of the years
2001 and 2002 both inclusive.


Enquiries:

John Spedding

Schroder Investment Management Limited     Tel: [phone]