Director Shareholding

Schroders PLC
12 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)

5th November 2001                              25,000                     £7.38
7th November 2001                              25,000                     £7.39
8th November 2001                               8,842                     £7.29
9th November 2001                              20,000                     £6.96



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



J.P. Bainbridge


12th November 2001