Purchase of Own Securities

Schroder UK Growth Fund PLC
14 June 2001

                                                                  14 June 2001


                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 13 June 2001, the Company
purchased a total of 55,000 shares for cancellation at a price of 121.50 pence
per share. Following this purchase, there are a further 189,365,263 shares in
issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]