Director Shareholding

Schroders PLC
11 March 2003

                                 SCHRODERS PLC

In compliance with Section 329 of the Companies Act 1985 and Chapter 16,
paragraph 13 of the Listing Rules, we hereby notify you that on 10th March 2003
the following directors of Schroders plc were granted awards giving them the
right to acquire the numbers of non-voting ordinary shares in Schroders plc set
against their respective names under the Rules of the Company's Equity
Compensation Plan and the Share Option Plan

                              Equity Compensation Plan         Option Plan

J.P. Asquith                                   133,969             100,000

M.W.R. Dobson                                  352,186             150,000

R.M.A. Horlick                                 334,924             200,000

A.F. Sykes                                      20,094              40,000

M. Tosato                                       80,381              65,000



The awards under the Equity Compensation Plan were granted for no consideration
and are not normally exercisable for three years. The options were granted at a
price of £3.98 per share and are not normally exercisable for three years and
then only if the applicable performance targets have been met.







J.P. Bainbridge

Company Secretary



11th March 2003










                      This information is provided by RNS
            The company news service from the London Stock Exchange