Purchase of Own Securities

Schroder UK Growth Fund PLC
26 July 2001



                                                                  26 July 2001


                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 25 July 2001, the Company
purchased a total of 345,000 shares for cancellation at a price of 110.00
pence per share. Following this purchase, there are a further 185,792,263
shares in issue.



Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]