Purchase of Own Securities

Schroder UK Growth Fund PLC
8 October 2001






                                                                8 October 2001




                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 5 October 2001 the Company
purchased a total of 70,000 shares for cancellation at a price of 97.50 pence
per share. Following this purchase, there are a further 182,210,746 shares in
issue.










Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]