Purchase of Own Securities

Schroder UK Growth Fund PLC
16 May 2002


                                                                     16 May 2002

                      Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 15 May 2002 the Company purchased
a total of 87,000 shares for cancellation at a price of 101.50 pence per share.
Following this purchase, there are a further 174,555,746 shares in issue.



Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]




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