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Schroder Inc Growth (BC!)

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Friday 28 November, 2003

Schroder Inc Growth

Purchase of Own Securities

Schroder Income Growth Fund PLC
28 November 2003

                                                                28 November 2003

                     Purchase of Warrants For Cancellation

Schroder Income Growth Fund plc announces that on 28 November 2003, the Company
purchased 200,000 warrants for cancellation, at a price of 53.5 pence per
warrant. Following this purchase, there are a further 6,360,360 warrants in
issue which can be exercised at the subscription price of 100p per share on 31
December 2003, which will be the final subscription date.


John Spedding

Schroder Investment Management Limited     Tel: 020 7658 3206

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