Holding(s) in Company

Schroders PLC
28 September 2007


TR-1:               notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing                Schroders plc
shares to which voting rights are attached:

2. Reason for the notification     (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights                                                      Yes

An acquisition or disposal of financial instruments which may result in the acquisition of        No
shares already issued to which voting rights are attached

An event changing the breakdown of voting rights                                                  No

3. Full name of person(s) subject to the notification                     Harris Associates L.P.
obligation:

4. Full name of shareholder(s) (if different from 3.):

5. Date of the transaction (and date on which the threshold is                 26 September 2007
crossed or reached if different):

6. Date on which issuer notified:                                              27 September 2007

7. Threshold(s) that is/are crossed or reached:                                       9%


8. Notified details:


A: Voting rights attached to shares

Class/type of    Situation previous to the     Resulting situation after the triggering transaction
shares           Triggering transaction

 if possible     Number of      Number of      Number of      Number of voting rights  % of voting rights
using the ISIN   Shares         Voting Rights  shares
CODE
                                               Direct         Direct         Indirect  Direct       Indirect

 Ordinary          20,562,120   20,562,120       20,222,120     20,222,120                8.95%


B: Financial Instruments

Resulting situation after the triggering transaction
Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument                           Period/ Date              that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.

                                                   N/A


Total (A+B)

Number of voting rights                            % of voting rights

20,222,120                                             8.95%


9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable:



Proxy Voting:

10. Name of the proxy holder:                                              Harris Associates L.P.

11. Number of voting rights proxy holder will cease to hold:                        N/A

12. Date on which proxy holder will cease to hold voting rights:                    N/A


13. Additional information:                  Percentage figures are based on a total number of voting rights
                                             of 226,022,400
14. Contact name:                            Helen Horton
15. Contact telephone number:                020 7658 6186






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