RNS Number:7083T
Schroder Income Growth Fund PLC
29 December 2003


                                                                29 December 2003

                     Purchase of Warrants For Cancellation


Schroder Income Growth Fund plc announces that on 29 December 2003, the Company
purchased 176,723 warrants for cancellation, at a price of 51.5 pence per
warrant. Following this purchase, there are a further 5,133,637 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:

Neil Olofsson

Schroder Investment Management Limited     Tel: 020 7658 3496


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