Director Shareholding

Schroders PLC
11 June 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)
4th June 2001                                46,393                       £9.81

5th June 2001                                32,103                       £9.78

6th June 2001                               154,305                       £9.46

7th June 2001                                 5,000                       £9.25

8th June 2001                                   184                       £9.45


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


I. Johnson


11th June 2001