AGM Statement

Schroders PLC
19 April 2005


                                 Schroders plc

Schroders plc


Annual General Meeting 2005


Schroders plc announces that at it's Annual General Meeting held at 12 noon
today, all resolutions were passed on a show of hands.

The Chairman's Statement to the meeting is set out below:

'Before turning to the formal business of the meeting, I should like to
introduce my fellow Directors Sir Peter Job, Massimo Tosato, Richard Horlick,
George W. Mallinckrodt, Michael Dobson, Bruno Schroder, Jonathan Asquith, Kevin
Parry, Andrew Beeson and Merlyn Lowther together with our Board Secretary Howard
Trust. May I extend apologies on behalf of David Swensen who is unable to be
with us today. As we announced in February, David steps down from the Board
today after nearly three years with Schroders. We have greatly benefited from
David's contribution over that time and he leaves with our thanks and very best
wishes for the future. It is our intention to appoint a new independent
non-executive Director to replace David. Andrew Beeson joined the Board on 1
October and we have already benefited from his experience and his contribution
to our discussions. Andrew is standing for election today having been appointed
since the last annual general meeting.

2004 was a successful year for your company. Revenues and profits increased. We
had solid investment performance and exceptional returns from our private equity
business. Asset management revenues of £491 million drove a substantial increase
in asset management profit before exceptional items, which doubled to £120.8
million.

Profit before tax increased to £191 million from £65 million.

Private equity was particularly strong, with profits of £83.6 million.

Our private banking business also had a positive year.

In the light of these results and the Group's strong financial position, the
Board is recommending an increased final dividend of 13.5 pence per share. This
would bring the total dividend for the year to 20 pence, an increase of 1.5
pence over 2003.

Looking forward, whilst we do not expect the exceptional private equity
performance to be repeated in 2005, we do see continued momentum in our core
asset management business. We will also continue to seek growth opportunities
and invest in them as they arise.'



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