Purchase of Own Securities

Schroder UK Growth Fund PLC
29 November 2001


                                                              29 November 2001


                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 28 November 2001 the Company
purchased a total of 45,000 shares for cancellation at a price of 109.50 pence
per share. Following this purchase, there are a further 180,165,746 shares in
issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]