Director Shareholding

Schroders PLC
26 November 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 has been 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  Average price per share

                                                              (including costs)
20th November 2001                10,000                           £8.20




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


J.P. Bainbridge


26th November 2001