Purchase of Own Securities

Schroder UK Growth Fund PLC
12 December 2001




                                                              12 December 2001










                     Purchase of Shares For Cancellation




Schroder UK Growth Fund plc announces that on 11 December 2001 the Company
purchased a total of 130,000 shares for cancellation at a price of 106.50
pence per share special ex dividend. Following this purchase, there are a
further 179,840,746 shares in issue.










Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]