Director Shareholding

Schroders PLC
08 March 2005



                              Schroders plc


In compliance with Section 329 of the Companies Act 1985 and Chapter 16,
paragraph 13 of the Listing Rules, we hereby notify you that on 7 March 2005
(the date of notification) the following directors of Schroders plc were granted
awards to acquire the numbers of non-voting ordinary shares in Schroders plc set
out below under the Rules of the Company's Equity Compensation Plan (ECP) and
the Share Option Plan:

                 ECP Grant    % of   Total ECP Interests    % of  Option Plan Grant    % of    Total Option Plan    % of
                            issued        following this  issued                     issued  Interests following  issued
                             class          notification   class                      class    this notification   class

Jonathan Asquith    98,931    0.14               314,366    0.44                Nil     Nil              400,000    0.56
Michael  Dobson    305,499    0.43             1,160,071    1.64                Nil     Nil              900,000    1.27
Richard Horlick    226,600    0.32             1,010,689    1.42            200,000     0.3            1,000,000    1.41
Massimo Tosato     103,856    0.15               345,804    0.49                Nil     Nil              502,997    0.71

The awards under the Option Plan were granted at a price of £7.09 per share and
are subject to a performance condition, and are exercisable from 7 March 2008 to
6 March 2015.

Awards under the Equity Compensation Plan are granted for no consideration. They
do not give rise to any immediate entitlement and are at risk of forfeiture in
whole or in part before the fifth anniversary of grant.

Graham Staples
Company Secretary

8 March 2005






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