RNS Number:1284S
Schroder Income Growth Fund PLC
17 November 2003


                                                                17 November 2003

                     Purchase of Warrants For Cancellation

Schroder Income Growth Fund plc announces that on 14 November 2003, the Company
purchased 250,000 warrants for cancellation, at a price of 53.5 pence per
warrant. Following this purchase, there are a further 7,060,360 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.

Enquiries:

John Spedding

Schroder Investment Management Limited     Tel: 020 7658 3206

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