Director Shareholding

Schroders PLC
8 October 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 today informed 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    Average price per share
                                                              (including costs)

1st October 2001                               5,209                      £6.26

3rd October 2001                              15,000                      £6.14

4th October 2001                             150,000                      £6.64





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





J.P. Bainbridge



8th October 2001