Transaction in Own Shares

Schroders PLC
28 September 2007



Schroders plc - Transactions in Own Shares



Schroders plc (the 'Company') announces that it has commenced a
non-discretionary programme to purchase non-voting ordinary shares for
cancellation during its close period which commences on 29 September 2007 and is
scheduled to end on 30 October 2007.

The buy back programme will be managed by an independent third party, which
makes its trading decisions independently of, and uninfluenced by, the Company.

Any acquisitions will be effected within certain pre-set parameters, and in
accordance with both the Company's general authority to repurchase shares and
Chapter 12 of the Listing Rules which requires that the maximum price paid be
limited to no more than 5 per cent above the average market value for the shares
as derived from the London Stock Exchange Daily Official List for the five
business days immediately prior to such purchase.

The Company confirms that it currently has no unpublished price sensitive
information.



END




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