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Schroder Inc Growth (BC!)

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Thursday 11 December, 2003

Schroder Inc Growth

Dividend Declaration

Schroder Income Growth Fund PLC
11 December 2003

Press Release
                                                                11 December 2003


                             First Interim Dividend

                       For The Year Ending 31 August 2004

The Directors of the Company have declared the payment of a first interim
dividend of 1.30p net per share for the year ending 31 August 2004. This
represents an increase of 2.4% over the first interim dividend for the previous
financial year.

Ex-Dividend Date:                              17 December 2003
Transfers must be lodged by:                   5.00 p.m. on 19 December 2003
Dividend Warrants:                             Despatched on 29 January 2004
Payment Date:                                  30 January 2004
Dividend per share:                            1.30p net


Enquiries:      Schroder Investment Management Limited

John Spedding     (0207 658 3206)

11 December 2003



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