Purchase of Own Securities

Schroder UK Growth Fund PLC
15 June 2001

                                                                  15 June 2001


                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 14 June 2001, the Company
purchased a total of 230,000 shares for cancellation at a price of 119.50
pence per share. Following this purchase, there are a further 189,135,263
shares in issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]