Director Shareholding

Schroders PLC
29 December 2000


Schroders plc
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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  was
informed  today that the trustees of the Schroders Employment  Benefit  Trust
purchased 212 non-voting ordinary shares on 18th December 2000 at a price  of
£12.57 per share.

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