Acquisition

Schroders PLC
02 October 2007

Schroders to acquire Singapore based private client advisory unit of
Commonwealth Bank of Australia



2 October 2007


Schroders plc ('Schroders') announces that, subject to certain conditions
including regulatory approval, its Singapore subsidiary has today reached
agreement to acquire the Singapore-based private client advisory unit of
Commonwealth Bank of Australia.  As at the date of this announcement the
business has over US$600 million of assets under administration and employs 12
people.  Schroders will pay US$10 million (approximately £5 million) in cash for
this business, which will be managed as part of Schroders Private Banking
business segment.  Mr Khing Go, currently Head of Private Banking Asia Advisory
for Commonwealth Bank of Australia, will become Head of Private Clients Asia for
Schroders.


The transaction is expected to complete in the first quarter of 2008.




Schroders contacts

Philip Mallinckrodt, Group Head of Private Banking           [phone]

Lucy Rae, PR Manager                                         [phone]




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