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Schroder Inc Growth (BC!)

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Friday 13 December, 2002

Schroder Inc Growth

Dividend Declaration

Schroder Income Growth Fund PLC
13 December 2002

Press Release                                                   13 December 2002

                             First Interim Dividend

                       For The Year Ending 31 August 2003

The Directors of the Company have declared the payment of a first interim
dividend of 1.27p net per share for the year ending 31 August 2003. This
represents an increase of 1.6% over the first interim dividend for the previous
financial year.

Ex-Dividend Date:                              8 January 2003
Transfers must be lodged by:                   12.00 p.m. on 10 January 2003
Dividend Warrants:                             Despatched on 30 January 2003
Payment Date:                                  31 January 2003
Dividend per share:                            1.27p net

Enquiries:      Schroder Investment Management Limited
Christine Daniels     (0207 658 6186)

13 December 2002

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