Transaction in Own Shares

Schroder UK Growth Fund PLC
14 June 2006




                                                                    14 June 2006



                    PURCHASE OF SHARES FOR CANCELLATION


Schroder UK Growth Fund plc announces that on 14 June 2006 the Company purchased
75,000 shares for cancellation at a price of 111.25 pence per share.  Following
this purchase, there are a further 163,430,900 shares in issue.



Enquiries:

Louise Richard
Schroder Investment Management Limited              Tel: [phone]









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