Director Shareholding

Schroders PLC
28 March 2002

                                 Schroders plc




In compliance with Chapter 16.13 of the Listing Rules and Section 329 of the
Companies Act 1985 we hereby inform you that the Company has today been advised
that following the exercise of awards under the Schroders Equity Compensation
Plan, the Trustees of the Schroders Employee Benefit Trust ('the Trust')
transferred 14,480 Non-Voting Ordinary shares from the Trust to participants on
26th March 2002.


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




I. Johnson

28th March 2002



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