Transaction in Own Shares

Schroder UK Growth Fund PLC
14 May 2007



                                                                     14 May 2007




Purchase of own Shares



Schroder UK Growth Fund plc (the 'Company') announces that on 14 May 2007 the
Company purchased 200,000 shares at a price of 1.4900 pence per share to be held
in treasury.  The number of shares in issue is 153, 926,900 (excluding 5,999,000
shares held in treasury).



The Company wishes to clarify previous disclosures of purchases of its own
shares which referred to shares held in treasury, the first of which was
released on 13 December 2006. These previous announcements stated that shares
held in treasury were excluded from the number of shares in issue. However, due
to an administrative error, the number of shares held in treasury had
incorrectly been included in the total number of shares in issue. The above
statement of issued shares corrects the position following today's purchase.





Enquiries:



Louise Richard

Schroder Investment Management Limited         Tel: [phone]




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