Director Shareholding

Schroders PLC
17 September 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 today informed 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)
12th September 2001                            150,000                    £6.72
13th September 2001                             10,000                    £6.74
14th September 2001                             15,000                    £6.78



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



J.P. Bainbridge


17th September 2001