Purchase of Own Securities

Schroder UK Growth Fund PLC
24 October 2001



                                                               24 October 2001

                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 23 October 2001 the Company
purchased a total of 250,000 shares for cancellation at a price of 103.00
pence per share. Following this purchase, there are a further 181,525,746
shares in issue.

Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]