Purchase of Own Securities

Schroder UK Growth Fund PLC
24 September 2001



                                                             24 September 2001



                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 21 September 2001, the Company
purchased a total of 70,000 shares for cancellation at a price of 88.50 pence
per share. Following this purchase, there are a further 182,885,746 shares in
issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]