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Schroder Inc Growth (BC!)

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Thursday 16 September, 2004

Schroder Inc Growth

Dividend Declaration

Schroder Income Growth Fund PLC
16 September 2004

Press Release

                                                               16 September 2004

                            Fourth Interim Dividend
                       For The Year Ended 31 August 2004

The Directors of the Company have declared the payment of a fourth interim
dividend of 2.35p net per share for the year ended 31 August 2004. This brings
total dividends to 6.25p net per share for the year, representing an increase of
4.2% over the total dividends for the previous financial year, which is ahead of
inflation of 3.2% over the same period.

Ex-Dividend Date:                       29 September 2004
Transfers must be lodged by:            2.30 p.m. on 1 October 2004
Dividend Warrants:                      Despatched on 28 October 2004
Payment Date:                           29 October 2004
Dividend per share:                     2.35p net


Neil Olofsson
Schroder Investment Management Limited
Tel. 0207 658 3496

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