Purchase of Own Securities

Schroder UK Growth Fund PLC
5 July 2001


                                                                    5 July 2001


                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 4 July 2001, the Company
purchased a total of 100,000 shares for cancellation at a price of 115.50
pence per share. Following this purchase, there are a further 187,357,263
shares in issue.





Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]