Purchase of Own Securities

Schroder UK Growth Fund PLC
22 May 2002



                                                                     22 May 2002

                      Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 21 May 2002 the Company purchased
a total of 717,000 shares for cancellation at a price of 102.50 pence per share.
Following this purchase, there are a further 173,472,746 shares in issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]


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