Transaction in Own Shares

Schroders PLC
02 December 2004



Schroders plc



Purchase of own securities



Schroders plc announces that today it purchased for cancellation through
Cazenove & Co. Ltd 90,535 non-voting ordinary shares at a price of 632p per
share.



Enquiries



Graham Staples   Schroders plc          0207 658 6742



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