Purchase of Own Securities

Schroder UK Growth Fund PLC
27 July 2001

                                                                  27 July 2001

                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 26 July 2001, the Company
purchased a total of 110,000 shares for cancellation at a price of 108.50
pence per share. Following this purchase, there are a further 185,682,263
shares in issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]