Purchase of Own Securities

Schroder UK Growth Fund PLC
10 January 2002



                                                               10 January 2002



                     Purchase of Shares For Cancellation




Schroder UK Growth Fund plc announces that on 9 January 2002 the Company
purchased a total of 70,000 shares for cancellation at a price of 109.00 pence
per share. Following this purchase, there are a further 179,630,746 shares in
issue.










Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]