Share Buy Back Programme

Schroders PLC
13 April 2006


Schroders plc
13 April 2006
                            Share Buy Back Programme


Schroders plc ('Schroders' or the 'Company') announces that it has put in place
an irrevocable, non-discretionary programme allowing the Company to buy back its
non-voting ordinary shares of £1 each during the close period which precedes the
announcement of its first quarter trading update on 16 May 2006. Any purchases
will be effected during the period between 18 April 2006 and 16 May 2006 within
certain pre-set parameters and will be in accordance with Schroders' general
authority to repurchase its non-voting shares and in accordance with Chapter 12
of the Listing Rules. Consequently the maximum price payable will be limited to
no more than 105 per cent of the average middle market closing price of
Schroders non-voting shares for the 5 dealing days preceding the date of
purchase.

Any shares repurchased will be cancelled. In announcing this Schroders confirms
that currently it has no unpublished price sensitive information.



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