Purchase of Own Securities

Schroder UK Growth Fund PLC
11 January 2002



                                                               11 January 2002


                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 10 January 2002 the Company
purchased a total of 30,000 shares for cancellation at a price of 109.50 pence
per share. Following this purchase, there are a further 179,600,746 shares in
issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]