Net Asset Value(s)

Schroder UK Mid & Small Cap Fd PLC
04 January 2008





                        Schroder UK Mid & Small Cap Fund




The Board of Schroder UK Mid & Small Cap Fund Limited announces that the
unaudited net asset value per share, excluding any accrued income, as at
Thursday 3 January 2008 was 255.88 pence.









                             By Order of the Board

                     Schroder Investment Management Limited

                               Company Secretary






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Enquiries :

Schroder UK Mid & Small Cap Fund

Tina Watts 020 7658 3581


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