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Schroder Inc Growth (BC!)

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Tuesday 10 June, 2003

Schroder Inc Growth

Dividend Declaration-Replace

Schroder Income Growth Fund PLC
10 June 2003

Press Release

                                                                    10 June 2003

                             Third Interim Dividend

                       For The Year Ending 31 August 2003

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

This replaces an earlier announcement that included incorrect details for the
ex-dividend and record dates, respectively.

Ex-Dividend Date:                              16 July 2003
Transfers must be lodged by:                   2.30 p.m. on 18 July 2003
Dividend Warrants:                             Despatched on 30 July 2003
Payment Date:                                  31 July 2003
Dividend per share:                            1.27p net

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

10 June 2003

                      This information is provided by RNS
            The company news service from the London Stock Exchange