Purchase of Own Securities

Schroder UK Growth Fund PLC
07 October 2002






                                                                  7 October 2002


                      Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 4 October 2002 the Company
purchased a total of 380,000 shares for cancellation at a price of 70.00 pence
per share. Following this purchase, there are a further 169,293,746 shares in
issue.




Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]






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