Director Shareholding

Schroders PLC
14 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)
8th May 2001                                 17,435                       £9.79

9th May 2001                                 32,012                       £9.78

10th May 2001                               190,983                       £9.81

11th May 2001                                40,698                       £9.62



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


I. Johnson



14th May 2001