Purchase of Own Securities

Schroder UK Growth Fund PLC
14 January 2002




                                                               14 January 2002










                     Purchase of Shares For Cancellation




Schroder UK Growth Fund plc announces that on 11 January 2002 the Company
purchased a total of 60,000 shares for cancellation at a price of 109.50 pence
per share. Following this purchase, there are a further 179,540,746 shares in
issue.










Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]