Purchase of Own Securities

Schroder UK Growth Fund PLC
01 October 2002

                                                                  1 October 2002







                      Purchase of Shares For Cancellation



Schroder UK Growth Fund plc announces that on 30 September 2002 the Company
purchased a total of 60,000 shares for cancellation at a price of 69.50 pence
per share. Following this purchase, there are a further 169,673,746 shares in
issue.











Enquiries:

John Spedding

Schroder Investment Management Limited          Tel: [phone]






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