Director Shareholding

Schroders PLC
26 March 2001

                                SCHRODERS PLC




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

                No. of non-voting Ordinary Shares        Price Per Share
                                                         (including costs)

19th March 2001                             89,032                  £9.69

20th March 2001                            120,000                  £9.86

21st March 2001                             55,750                  £9.72

22nd March 2001                             66,753                  £9.14






The potential beneficiaries of the trust under the Company's share schemes
include, among others, Directors of Schroders plc.









J.P. Bainbridge

Secretary



26th March 2001