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Schroder Inc Growth (BC!)

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Monday 12 January, 2004

Schroder Inc Growth

Issue of Equity

Schroder Income Growth Fund PLC
12 January 2004



12 January 2004



                                Warrant Exercise

Schroder Income Growth Fund PLC announces that the Company has received notice
from The Law Debenture Trust Corporation plc that they wished to exercise the
1,047,149 outstanding warrants. Therefore the Company has allotted a further
1,047,149 ordinary shares arising on exercise of the warrants, and the issued
share capital has increased to 76,562,343 ordinary shares.


Enquiries:

John Spedding

Schroder Investment Management Limited

Tel: 020 7658 3206

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