Director Shareholding

Schroders PLC
5 December 2001

                                SCHRODERS PLC


Further to the announcement on the 4th December 2001 we hereby advise in
compliance with Section 329 of the Companies Act 1985 and Chapter 16 of the
Listing Rules, that on completion of the acquisition of Beaumont Capital
Management Limited ('Beaumont') Mr M.W.R. Dobson was allotted 561,105
non-voting ordinary shares at an imputed price of 663.2p per share.

In addition, in clarification of the announcement on 12th November 2001, the
price at which the option over 500,000 non-voting ordinary shares was granted
to Mr Dobson was 705.5p.



5th December 2001



J.P. Bainbridge

Secretary