Director Shareholding

Schroders PLC
9 October 2000



Schroders plc
-------------
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          ---------------
                             -----------------
3rd October 2000                     630                   £11.57
4th October 2000                  12,456                   £11.38
6th October 2000                   1,486                   £11.54

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