Director Shareholding

Schroders PLC
30 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             Average Price 
                                     Ordinary Shares                 Per Share
                                                              (including costs)

23rd April 2001                                  800                      £9.67

25th April 2001                                1,789                      £9.35

26th April 2001                                   60                      £9.33

27th April 2001                                  100                      £9.32




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




J.P. Bainbridge

Secretary



30th April 2001