Director Shareholding

Schroders PLC
12 March 2001


                                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 was
informed today that the trustees of the Schroders Employee Benefit Trust have
purchased the following non-voting ordinary shares:


Date of Purchase         No. of non-voting Ordinary Shares      Price Per Share

5th March 2001                                       3,750               £10.05

8th March 2001                                      10,000               £10.40

8th March 2001                                         202              £10.515

9th March 2001                                         716               £10.47

9th March 2001                                         183               £10.41

9th March 2001                                      25,000               £10.30


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


J.P. Bainbridge

Secretary


12th March 2001