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Schroder Inc Growth (BC!)

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Friday 12 December, 2003

Schroder Inc Growth

Purchase of Warrants- Replace

Schroder Income Growth Fund PLC
12 December 2003

                                                               12 December 2003

The following amendment has been made to RNS 1182T released at 17:25 on 10
December 2003. There are a further 5,910,360 warrants in issue and not 5,860,360
as originally shown.

                     Purchase of Warrants For Cancellation

Schroder Income Growth Fund plc announces that on 10 December 2003, the Company
purchased 200,000 warrants for cancellation, at a price of 52.5 pence per
warrant. Following this purchase, there are a further 5,910,360 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

                      This information is provided by RNS
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