Purchase of Own Securities

Schroder UK Growth Fund PLC
17 January 2002






                                                               17 January 2002



                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 16 January 2002 the Company
purchased a total of 115,000 shares for cancellation at a price of 106.50
pence per share. Following this purchase, there are a further 179,425,746
shares in issue.




Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]