Directorate Change

Schroders PLC
18 March 2002



Company Announcements

The London Stock Exchange

London EC2N 1HP     18th March 2002





As previously announced, Mr. Nicholas MacAndrew will be leaving the Group in
mid-April. He has accordingly resigned with effect from 15th March as a Director
of Schroders plc.




BY ORDER OF THE BOARD


John Bainbridge

Company Secretary



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