Purchase of Own Securities

Schroder UK Growth Fund PLC
20 September 2001






                                                             20 September 2001


                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 19 September 2001, the Company
purchased a total of 680,000 shares for cancellation at a price of 95.50 pence
per share. Following this purchase, there are a further 182,917,263 shares in
issue.




Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]