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Schroder Inc Growth (BC!)

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Thursday 15 December, 2005

Schroder Inc Growth

First Interim Dividend

Schroder Income Growth Fund PLC
15 December 2005

Press Release

                                                                15 December 2005

                             First Interim Dividend

                       For The Year Ending 31 August 2006

The Directors of the Company have declared the payment of a first interim
dividend of 1.40p net per share for the year ending 31 August 2006. This
represents an increase of 4.5% over the first interim dividend for the previous
financial year.

Ex-Dividend Date:                                  28 December 2005

Transfers must be lodged by:                       6 p.m. on 30 December 2005

Dividend Warrants:                                 Despatched on 30 January 2006

Payment Date:                                      31 January 2006

Dividend per share:                                1.40p net


Schroder Investment Management Limited

John Spedding
                                  (0207 658 3206)

15 December 2005

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