Purchase of Own Securities

Schroder UK Growth Fund PLC
15 August 2001



                                                                15 August 2001



                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 14 August 2001, the Company
purchased a total of 100,000 shares for cancellation at a price of 114.50
pence per share. Following this purchase, there are a further 185,182,263
shares in issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]