Director/PDMR Shareholding

Schroders PLC
08 March 2006

                                Schroders plc

In compliance with Section 329 of the Companies Act 1985 and the FSA's
Disclosure Rule 3.1 we hereby notify you that on 6 March 2006 (the date of
notification) the following directors and PDMRs of Schroders plc were granted
awards to acquire the numbers of non-voting ordinary shares in Schroders plc set
out below under the Rules of the Company's Equity Compensation Plan (ECP).

                          ECP         % of     Total ECP Interests        % of
                        Grant       issued          following this      issued
                                     class            notification       class

Jonathan Asquith       95,484        0.132                 409,850       0.565
Paul Barry             36,881        0.051                  95,315       0.131
Alan Brown             33,784        0.047                  33,784       0.047
Peter Clark            37,351        0.051                 305,303       0.421
Michael Dobson        153,570        0.212               1,313,641       0.811
Lester Gray            43,054        0.059                 162,001       0.223
Philip Mallinckrodt    26,173        0.036                  96,294       0.133
Markus Ruetimann       33,784        0.047                  54,644       0.075
Graham Staples          3,071        0.004                   4,479       0.006
Massimo Tosato         95,484        0.132                 441,288       0.610
Howard Trust           18,514        0.026                  56,253       0.077


Awards under the Equity Compensation Plan are granted for no consideration. They
do not give rise to any immediate entitlement and are at risk of forfeiture in
whole or in part before the fifth anniversary of grant.


Graham Staples 
Company Secretary


7 March 2006

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