Director Shareholding

Schroders PLC
24 April 2001

                                SCHRODERS PLC


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

                  No. of non-voting Ordinary Shares  Average Price Per Share
                                                       (including costs)
20th April 2001                    1,526                      £9.55



The potential beneficiaries of the trust under the Company's share schemes
include, among others, Directors of Schroders plc.


J.P. Bainbridge

Secretary


24th April 2001