Purchase of Own Securities

Schroder UK Growth Fund PLC
20 November 2001



                                                              20 November 2001


                     Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 14 November 2001 the Company
purchased a total of 610,000 shares for cancellation at a price of 108.50
pence per share. Following this purchase, there are a further 180,865,746
shares in issue.



Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]