Director Shareholding

Schroders PLC
15 April 2003

                                 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 an award under the Equity Compensation Plan, the
Trustees of the Schroders Employee Benefit Trust ('the Trust') transferred 1,305
Non-Voting Ordinary shares from the Trust to a participant on 14th April 2003.


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







I. Johnson

15th April 2003


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