Director Shareholding

Schroders PLC
19 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:

Date of Purchase            No. of non-voting           Average price per share
                              Ordinary Shares                 (including costs)

11th September 2001                 159                            £7.40



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



J.P. Bainbridge


19th September 2001