Director Shareholding

Schroders PLC
22 May 2003


                      SCHRODERS PLC - DIRECTOR'S INTEREST

Pursuant to Section 329 of the Companies Act 1985 and Chapter 16 of the Listing
 Rules, we hereby notify that the Company was informed on 19 May 2003 that Mr.
 D.F. Swensen, a director of Schroders plc, had bought 800 Ordinary shares on 9
 May 2003 at a price of US$10 per share, to be held beneficially by him.



J.P. Bainbridge

Company Secretary

22nd May 2003



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