Purchase of Own Securities

Schroder UK Growth Fund PLC
28 June 2002



                                                                    28 June 2002



                      Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 27 June 2002 the Company purchased
a total of 40,000 shares for cancellation at a price of 87.50 pence per share.
Following this purchase, there are a further 171,636,746 shares in issue.





Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]







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