Purchase of Own Securities

Schroder UK Growth Fund PLC
18 November 2002
     
                                                                18 November 2002

                      Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 15 November 2002 the Company
purchased a total of 150,000 shares for cancellation at a price of 74.50 pence
per share. Following this purchase, there are a further 168,363,900 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