Company Secretary Appointed

Schroders PLC
5 June 2000

Schroders  plc  announces that Mr John Bainbridge F.C.A. has  been  appointed
Company  Secretary with immediate effect.  He replaces Mr Andrew Gaulter  who
has  accepted  a  position with Schroder Salomon Smith Barney following  that
company's acquisition of Schroders' investment banking business.

I. Johnson
(telephone [phone])