Purchase of Own Securities

Schroder UK Growth Fund PLC
25 March 2002







                                                                   22 March 2002


                      Purchase of Shares For Cancellation




Schroder UK Growth Fund plc announces that on 21 March 2002 the Company
purchased a total of 90,000 shares for cancellation at a price of 104.00 pence
per share. Following this purchase, there are a further 177,690,746 shares in
issue.










Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]







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