RNS Number:3881S
Schroder Income Growth Fund PLC
21 November 2003


                                                                21 November 2003


                     Purchase of Warrants For Cancellation

Schroder Income Growth Fund plc announces that on 21 November 2003, the Company
purchased 100,000 warrants for cancellation, at a price of 52.5 pence per
warrant. Following this purchase, there are a further 6,760,360 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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