SAR - Senior Plc

Schroders PLC
17 April 2002

                                                                      FORM SAR 3

Lodge with Company Announcements Office (which will publicise and copy to the
Panel). A copy must also be sent to the company the shares of which are
acquired.

Date of disclosure:     17/04/02

   DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF
                                SHARES ('SARs')

Date of acquisition     16/04/02

Acquisition in          Senior Plc

                                   Number of shares over shares       If rights over shares acquired, as
    1)     Class of voting shares  acquired                           opposed to the shares themselves,
          (e.g. ordinary shares)                                      specify nature of rights

           10p ordinary shares            250,000 shares


                                   Resultant total holding of rights    Total percentage
    2)     Resultant total holding over shares (and % of total voting
    of voting shares (and % of     shares in issue)
    total voting shares in issue)

       55,515,082 (18.061%)                                                   (18.061%)


(3)     Party making disclosure     Schroder plc

                                                      Schroder plc on behalf of institutional clients on a
        4)     (a)     Name of person acquiring       non-beneficial basis
        shares or rights over shares and, if
        different, beneficial owner


             (b)     Names of any other persons
        acting by agreement or understanding (see SAR 5)


Signed, for and on behalf of the party named in (3) above

(Also print name of signatory)     Alison Dunn

Telephone and extension number     020 7658 2959 (Direct line)

                          ___________________________

Note.     Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Takeovers and Mergers, Tel. No.: 020
7638 0129


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