Purchase of Own Securities

Schroder UK Growth Fund PLC
10 May 2002


                                                                     10 May 2002



                      Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 9 May 2002 the Company purchased a
total of 614,000 shares for cancellation at a price of 101.50 pence per share.
Following this purchase, there are a further 174,787,746 shares in issue.



Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]



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