Purchase of Own Securities

Schroder UK Growth Fund PLC
16 October 2001



                                                               16 October 2001





                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 15 October 2001 the Company
purchased a total of 110,000 shares for cancellation at a price of 97.50 pence
per share. Following this purchase, there are a further 181,950,746 shares in
issue.




Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]