Purchase of Own Securities

Schroder UK Growth Fund PLC
7 June 2002


                                                                     7 June 2002


                      Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 6 June 2002 the Company purchased
a total of 57,000 shares for cancellation at a price of 96.50 pence per share.
Following this purchase, there are a further 171,941,746 shares in issue.

Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]


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