Director Shareholding

Schroders PLC
14 March 2001

                                SCHRODERS PLC


In compliance with Section 329 of the Companies Act 1985 and Chapter 16,
paragraph 13 of the Listing Rules, we hereby notify you that on 13th March
2001 the following directors of Schroders plc were granted awards giving them
the right to acquire the numbers of non-voting ordinary shares in Schroders
plc set against their respective names under the Rules of the Company's Equity
Compensation Plan and the Share Option Plan

                                         Equity Compensation Plan        Option
                                                                           Plan
N.R. MacAndrew                                             36,743        91,185
D.M. Salisbury                                             69,165       101,317
A.F. Sykes                                                 40,795        91,185


The awards under the Equity Compensation Plan were granted for no
consideration and are not normally exercisable for three years. The options
were granted at a price of £9.87 per share and are not normally exercisable
for five years and then only if the applicable performance targets have been
met.


J.P. Bainbridge

Company Secretary

14th March 2001