Director Shareholding

Schroders PLC
21 May 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     Average price per share
                                                              (including costs)

14TH May 2001                                26,100                       £9.34

15th May 2001                                25,823                       £9.52

16th May 2001                                11,121                       £9.65

17th May 2001                                78,117                       £9.80

18th May 2001                                21,977                       £9.42


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


I. Johnson

21st May 2001