Director Shareholding

Schroders PLC
3 November 2000


Schroders plc
-------------

In  compliance  with Section 329 of the Companies Act 1985  and  Chapter  16,
paragraph 13 of the Listing Rules, we hereby advise you that the Company  has
been today informed that the trustees of the Schroders Employee Benefit Trust
have purchased the following non-voting ordinary shares:

Date of Purchase           No. of Non-Voting         Price per Share
----------------           Ordinary Shares           ---------------
                           ------------------

23rd October 2000                1,227                    £10.67
25th October 2000                  281                    £11.13
27th October 2000                  200                    £11.20

The  potential  beneficiaries of the trust under the Company's Share  schemes
include,  among  others, Directors of Schroders plc apart from  non-executive
directors.

In  addition,  the  Company  has been informed  that  Mr  D.M.  Salisbury,  a
Director,  purchased  4  (four) non-voting ordinary  shares  of  £1  each  in
Schroders  plc at a price of £11.70 per share on 11th October 2000 pursuant 
to  a  re-investment of dividends within a Personal Equity Plan.


J.P. Bainbridge
Secretary