Purchase of Own Securities

Schroder UK Growth Fund PLC
8 July 2002


                                                                     8 July 2002

                      Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 5 July 2002 the Company purchased
a total of 300,000 shares for cancellation at a price of 86.00 pence per share.
Following this purchase, there are a further 171,113,746 shares in issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]







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