Purchase of Own Securities

Schroder UK Growth Fund PLC
5 July 2002



                                                                     5 July 2002




                      Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 4 July 2002 the Company purchased
a total of 70,000 shares for cancellation at a price of 84.50 pence per share.
Following this purchase, there are a further 171,413,746 shares in issue.





Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]







                      This information is provided by RNS
            The company news service from the London Stock Exchange