Director Shareholding

Schroders PLC
4 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)
29th May 2001                               110,000                      £10.01

30th May 2001                                62,723                       £9.75

1st June 2001                                50,000                       £9.76

2nd June 2001                                64,741                       £9.60



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



I. Johnson


4th June 2001