Purchase of Own Securities

Schroder UK Growth Fund PLC
18 January 2002


                                                               18 January 2002

                     Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 17 January 2002 the Company
purchased a total of 45,000 shares for cancellation at a price of 106.00 pence
per share. Following this purchase, there are a further 179,380,746 shares in
issue.

Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]