Purchase of Own Securities

Schroder UK Growth Fund PLC
20 February 2002




                                                                20 February 2002


                     Purchase of Warrants For Cancellation


Schroder UK Growth Fund plc announces that on 19 February 2002, the Company
purchased 210,000 warrants for cancellation, at a price of 10.00 pence per
warrant. Following this purchase, there are a further 24,640,456 warrants in
issue which can be exercised at the subscription price of 100p per share on 31
August (or if not a business day the next business day) 2002, which will be the
final subscription date.





Enquiries:

John Spedding

Schroder Investment Management Limited     Tel: [phone]



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