Kadoorie Stake Acquired in Schroders Asia Ltd

Schroders PLC
26 November 1999



Schroders plc
-------------

The  following  announcement has been made in Hong Kong  today,  Friday  26th
November  1999.   The consideration of HK$300 million referred  to  has  been
settled in cash.

SCHRODERS PLC ACQUIRES KADOORIE STAKE
IN SCHRODERS ASIA LIMITED: MOVES TO 100% CONTROL

HONG  KONG,  26  November 1999 - Schroders plc announced today  that  it  has
acquired  the 25% stake held by Sir Elly Kadoorie & Sons Limited in Schroders
Asia  Limited,  taking its holding to 100%.  The price paid by  the  Schroder
Group  was HK$300 million, valuing the business at HK$1.2 billion.  The  pre-
tax  profits  of  Schroders  Asia Limited in  1998  (before  specific  credit
provisions)  were HK$ 73.3 million.  Funds under management are approximately
HK$45 billion.

Schroders  Asia Limited, originally named Schroders & Chartered Limited,  was
established  in  1971  as  one  of the first  investment  banking  and  asset
management   businesses  to  begin  operations  in  Hong   Kong.     On   its
establishment, Schroders and The Chartered Bank each held a 40%  interest  in
the  company and the Kadoorie interests held a 20% stake.  In 1984 Schroders'
interest  was increased from 40% to 75% and the Kadoorie interest to  25%  by
the purchase of The Chartered Bank's shareholding.

Mr Win Bischoff, now Chairman of Schroders plc, who was the founding Managing
Director  of Schroders & Chartered Limited and who ran the company from  1971
to 1982, signed the acquisition agreement with The Hon. Michael D Kadoorie in
Hong Kong today.

Commenting on the acquisition, Mr Bischoff said, 'Since the establishment  of
Schroders  Asia,  Hong  Kong has developed from  a  domestic  market  into  a
regional financial hub.  We want to increase the use of Hong Kong as  a  base
for  our  expansion plans throughout North Asia and to continue to bring  our
North and South Asian businesses closer together.  To do this, our people and
their  services  need  to be available to our clients on  a  seamless  basis.
Moving to full ownership of Schroders Asia will help in this process.'

'The  acquisition  does not however mean the severing  of  the  historic  and
longstanding relationship developed between the Kadoorie Group and Schroders,
because they will remain as valuable clients and as particular friends in the
region,' Mr Bischoff added.

Schroders is establishing an Asian Advisory Board and Mr Kadoorie has  agreed
to  serve  on  this board.  The board, which will be chaired by Mr  Bischoff,
will include leading business figures from countries in the region.

The  Hon. Mr Michael D Kadoorie said, 'We are very proud of the position that
Schroders Asia has achieved in the market and we are sure that Schroders will
continue  to  do  well in Hong Kong.  We respect and recognise  the  wish  of
Schroders to rationalise the ownership of its businesses in the region.   Our
relationship  has  been a long one and will continue.  We  did  not  wish  to
obstruct  Schroders'  expansion plans throughout  North  Asia  and  therefore
accepted their offer.'

'I  particularly  look forward to my future advisory role in  supporting  the
activities of Schroders in the region,' he said.

SCHRODERS ASIA LIMITED:  BACKGROUND

Schroders  Asia  Limited, established in 1971, is one of Hong Kong's  leading
investment  banking and asset management groups, providing a  full  range  of
specialist services in Hong Kong and more recently supporting the development
of  Schroders' services in the Mainland.  Its services include capital market
facilities,  treasury  and  trading,  project  finance,  corporate   finance,
investment management and private banking.

THE SCHRODER GROUP:  BACKGROUND

The  Schroder  Group,  which  has its origins  in  England  in  1804,  is  an
international  investment  banking  and asset  management  group  with  major
interests  in  the United Kingdom and the United States of America.   It  has
significant operations in London, New York and Asia Pacific with  offices  in
other financial centres around the world.

The shareholders' funds of Schroders plc exceed US$2 billion and consolidated
total  assets are around US$25 billion.  It is one of the 100 largest  listed
companies  in  the  United  Kingdom with a market value  in  excess  of  US$5
billion.

                                                                       
Issued  by  The  Rowland Company on behalf of Schroders  Asia  Limited.   For
further information, please contact:-

Hong Kong

Schroders Asia Limited                       Tel: [phone] (office)
Mark Hopkinson
Managing Director

The Rowland Company                          Tel: [phone] (office)
Tony Turner

London

Schroders plc
Brian D. Wood                                     Tel:  [phone]
Head of Public Relations