Director Shareholding

Schroders PLC
18 June 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)
13th June 2001                                   519                      £9.32

14th June 2001                                   399                      £8.71


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


I. Johnson

18th June 2001