Director Shareholding

Schroders PLC
28 September 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           ---------------
                           -----------------
22nd September 2000         50,000                    £10.81
26th September 2000          4,317                    £11.62

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