Director Shareholding

Schroders PLC
22 October 2001


                                Schroders plc


In compliance with Section 379 of the Companies Act 1985 and Chapter 16 of the
Listing Rules we hereby advise you that the Company was informed today that
the following directors acquired Schroders plc non-voting ordinary shares as
shown below, pursuant to the re-investment of dividends within Personal Equity
Plans.

                                No. of Non-Voting Shares    Price per Share

J.A. Troiano                               29               £6.95
N.E.H. Ferguson                            77               £6.95
Mrs M.J.D. Ferguson                        23               £6.95
(wife of N.E.H. Ferguson)


J.P. Bainbridge

22nd October 2001