Purchase of Own Securities

Schroder UK Growth Fund PLC
21 September 2001


                                                          21 September 2001



                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 20 September 2001, the Company
purchased a total of 105,000 shares for cancellation at a price of 91.50 pence
per share. Following this purchase, there are a further 182,955,746 shares in
issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]