Purchase of Own Securities

Schroder UK Growth Fund PLC
21 November 2001



                                                              21 November 2001



                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 19 November 2001 the Company
purchased a total of 50,000 shares for cancellation at a price of 110.50 pence
per share. Following this purchase, there are a further 180,765,746 shares in
issue.



Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]