Purchase of Own Securities

Schroder UK Growth Fund PLC
24 May 2002


                                                                     24 May 2002

                      Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 23 May 2002 the Company purchased
a total of 165,000 shares for cancellation at a price of 101.50 pence per share.
Following this purchase, there are a further 173,247,746 shares in issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]



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