SAR - SVIIT PLC

Schroders PLC
21 March 2003


                                 Schroders plc


Schroders plc announces that it has sold 6,000,000 £1 ordinary shares in
Schroder Ventures International Investment Trust plc (SVIIT) for a consideration
of £24.9million, reducing its holding of the shares in issue from 12.8% to 6.9%.
Following this sale, together with Schroder Investment Management Limited and
its clients, Schroders plc has a total interest in SVIIT's ordinary capital of
23.2% (previously 27.8%).


The sale is in line with Schroders' policy of reorganising its current asset
investments. Schroders has a strategic relationship with SVIIT to develop its
private equity fund of funds business and, as a continuing shareholder, it looks
forward to SVIIT continuing its successful growth.


John Bainbridge

Company Secretary


21st March 2003


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