Purchase of Own Securities

Schroder UK Growth Fund PLC
21 October 2002


                                                                 21 October 2002



                      Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 18 October 2002 the Company
purchased a total of 40,000 shares for cancellation at a price of 74.00 pence
per share. Following this purchase, there are a further 168,728,746 shares in
issue.



Enquiries:

John Spedding

Schroder Investment Management Limited  Tel: [phone]



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