Director Shareholding

Schroders PLC
6 November 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 has been informed today
that the trustees of the Schroders Employee Benefit Trust have purchased the
following non-voting ordinary shares:

Date of Purchase    No. of non-voting Ordinary Shares   Average price per share

                                                              (including costs)
2nd November 2001                             215,500                     £6.87



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


J.P. Bainbridge

6th November 2001