Director Shareholding

Schroders PLC
25 March 2002


                                 Schroders plc

In compliance with Section 329 of the Companies Act 1985 and paragraph 16.13 of
the Listing Rules, we hereby advise you that the Company has today been informed
that Mr N.E.H. Ferguson, a non-executive director, has disposed of the following
beneficial holdings:

    Bargain date        Class of share         No of shares     Price per share

21st March 2002      Non-voting ordinary            2,470              840p
21st March 2002      Ordinary                      14,526              918p
25th March 2002      Non-voting ordinary            8,118              831p



I.Johnson

31 Gresham Street

London

EC2V 7QA



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