Director Shareholding

Schroders PLC
07 June 2004


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1. Name of company

Schroders plc

2. Name of director

Kevin Parry

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest

Beneficial interest

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)

Kevin Parry                  4,000 Ordinary non voting shares
NatWest Nominees Limited     1,000 Ordinary non voting shares

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)

No

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

Purchases

7. Number of shares / amount of stock acquired

5,000 Ordinary shares

8. Percentage of issued class

0.002%

9. Number of shares/amount of stock disposed

NIL

10. Percentage of issued class

NIL

11. Class of security

Ordinary shares

12. Price per share

1,000 ordinary shares at £5.94
4,000 ordinary shares at £5.95

13. Date of transaction

3 June 2004

14. Date company informed

4 June 2004

15. Total holding following this notification

5,000 ordinary shares

16. Total percentage holding of issued class following this notification

0.002%

If a director has been granted options by the company please complete the
following boxes.

17. Date of grant

18. Period during which or date on which exercisable

19. Total amount paid (if any) for grant of the option

20. Description of shares or debentures involved: class, number

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise

22. Total number of shares or debentures over which options held following this
notification

23. Any additional information

24. Name of contact and telephone number for queries

Hannah Ashdown 020 7658 6208

25. Name and signature of authorised company official responsible for making
this notification

Ian Johnson

Date of Notification

7 June 2004

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