Director/PDMR Shareholding

Schroders PLC
14 March 2007



Schroders plc


In compliance with Section 329 of the Companies Act 1985 and the UKLA Listing
Rule 9.2.8 we hereby notify you that on 8 March 2007 the following Directors and
PDMRs of Schroders plc acquired rights to ordinary shares and non-voting
ordinary shares of £1 each, with voting rights in Schroders plc as a result of
an Equity Compensation Plan award grant.


                          ECP grant        Total ECP        % of           ECP grant      Total ECP          % of
                               over        interests over   ordinary         over       interests over     non-voting
                           ordinary        ordinary shares  share class    non-voting     non-voting      ordinary share
                             shares        following this                   ordinary    ordinary shares       class
                                           notification                      shares     following this
                                                                                          notification

Jonathan Asquith             56,405            147,282        0.06              -            314,366           0.47
Alan Brown                   56,405             88,559        0.04              -                  -              -
Michael Dobson              119,719            265,881        0.12              -          1,160,071           1.72
Jamie Dorrien-Smith          22,945             55,106        0.02              -             69,920           0.10
Lester Gray                  27,115             68,091        0.03              -             93,018           0.14
Philip Mallinckrodt               -                  -           -         24,468            120,762           0.18
Markus Ruetimann             22,700             54,854        0.02              -             20,860           0.03
Graham Staples                3,532              6,453        0.00              -              1,408           0.00
Massimo Tosato               77,601            168,478        0.07              -            280,978           0.42
Howard Trust                 12,822             30,442        0.01              -             37,739           0.06


Awards under the Equity Compensation Plan are granted for nil consideration.
They do not give rise to any immediate entitlement to shares and are at risk of
forfeiture in whole or in part before the fifth anniversary of the grant.

Graham Staples

Company Secretary


14 March 2007

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