Purchase of Own Securities

Schroder UK Growth Fund PLC
17 October 2002





                                                                 17 October 2002


                      Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 16 October 2002 the Company
purchased a total of 55,000 shares for cancellation at a price of 73.50 pence
per share. Following this purchase, there are a further 168,768,746 shares in
issue.


Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]



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