Purchase of Own Securities

Schroder UK Growth Fund PLC
24 August 2001





                                                                24 August 2001



                     Purchase of Shares For Cancellation



Schroder UK Growth Fund plc announces that on 24 August 2001, the Company
purchased a total of 100,000 shares for cancellation at a price of 113.00
pence per share. Following this purchase, there are a further 184,407,263
shares in issue.



Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]