Transaction in Own Shares

Schroder UK Growth Fund PLC
29 April 2004



                                                                   29 April 2004


Purchase of Shares For Cancellation

Schroder UK Growth Fund plc announces that on 28 April 2004 the Company
purchased a total of 150,000 shares for cancellation at a price of 93.00 pence
per share.  Following this purchase, there are a further 168,045,900 shares in
issue.

Enquiries:

Neil Olofsson

Schroder Investment Management Limited      Tel: [phone]

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