RNS Number:1182T
Schroder Income Growth Fund PLC
10 December 2003

                                                                10 December 2003

                    PURCHASE OF WARRANTS FOR CANCELLATION

Schroder Income Growth Fund plc announces that on 10 December 2003, the Company
purchased 200,000 warrants for cancellation, at a price of 52.5 pence per
warrant. Following this purchase, there are a further 5,860,360 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


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

POSEAXAEFFEDFFE