Director Shareholding

Schroders PLC
2 October 2000


In  compliance  with Section 329 of the Companies Act 1985  and  Chapter  16,
paragraph 13 of the Listing Rules, we hereby advise you that the Company  has
been today informed that the trustees of the Schroders Employee Benefit Trust
have purchased the following non-voting ordinary shares:

Date of Purchase           No. of Non-Voting         Price per Share
----------------           Ordinary Shares           ---------------
                           -----------------
19th September 2000             289                       £10.92
28th September 2000          53,213                       £11.86
29th September 2000             262                       £11.76

The  potential  beneficiaries of the trust under the Company's Share  schemes
include,  among  others, Directors of Schroders plc apart from  non-executive
Directors.


J.P. Bainbridge
Secretary