Transaction in Own Shares

Schroders PLC
09 July 2007

                                 Schroders plc

9 July 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 10 July 2007 and is
scheduled to end on 9 August 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.

The Company confirms that it currently has no unpublished price sensitive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


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