Transaction in Own Shares

Schroder UK Growth Fund PLC
09 August 2004







                                                                   9 August 2004



                      Purchase of Shares For Cancellation
                                        

Schroder UK Growth Fund plc announces that on 9 August 2004 the Company
purchased 400,000 shares for cancellation at a price of 85.50 pence per share.
Following this purchase, there are a further 165,645,900 shares in issue.



Enquiries:

John Spedding
Schroder Investment Management Limited Tel:                        020 7658 3206





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