Purchase of Own Securities

Schroder UK Growth Fund PLC
18 September 2002

                                                               18 September 2002

                      Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 17 September 2002 the Company
purchased a total of 30,000 shares for cancellation at a price of 76.50 pence
per share. Following this purchase, there are a further 169,923,746 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