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Schroder Inc Growth (BC!)

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Wednesday 03 December, 2003

Schroder Inc Growth

Purchase of own securities

Schroder Income Growth Fund PLC
03 December 2003

                                                                 3 December 2003





                     Purchase of Warrants For Cancellation



Schroder Income Growth Fund plc announces that on 3 December 2003, the Company
purchased 250,000 warrants for cancellation, at a price of 53 pence per warrant.
Following this purchase, there are a further 6,110,360 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.



Enquiries:
John Spedding
Schroder Investment Management Limited     Tel: 020 7658 3206


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