Transaction in Own Shares

Schroder UK Growth Fund PLC
31 May 2006


                                                                     31 May 2006



Purchase of Shares For Cancellation


Schroder UK Growth Fund plc announces that on 31 May 2006 the Company purchased
100,000 shares for cancellation at a price of 117.00 pence per share.  Following
this purchase, there are a further 163,945,900 shares in issue.



Enquiries:

Louise Richard
Schroder Investment Management Limited               Tel: [phone]









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