Director/PDMR Shareholding

Schroders PLC
02 September 2005



                              SCHEDULE 11

       NOTIFICATION OF INTERESTS OF DIRECTORS, PDMRs AND CONNECTED PERSONS


1. Name of company


Schroders plc



2. Name of director


Sir Peter Job



3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest


In respect of director named in 2 above



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)


Sir Peter Job



5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)


n/a



6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary


Sale of shares beneficially held



7. Number of shares / amount of stock acquired


n/a



8. Percentage of issued class


n/a






9. Number of shares/amount of stock disposed


860



10. Percentage of issued class


0.00038%



11. Class of security


Ordinary shares of one pound each



12. Price per share


£8.765



13. Date of transaction


1 September 2005



14. Date company informed


2 September 2005



15. Total holding following this notification


nil



16. Total percentage holding of issued class following this notification


nil



If a director has been granted options by the company please complete the
following boxes.



17. Date of grant


n/a



18. Period during which or date on which exercisable


n/a



19. Total amount paid (if any) for grant of the option


n/a






20. Description of shares or debentures involved: class, number


n/a



21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise


n/a



22. Total number of shares or debentures over which options held following this
notification


n/a



23. Any additional information


The total holding following this notification detailed in (15) is that in which
the PLC directors noted in (6) are now deemed to be interested by virtue of
their positions as potential beneficiaries of the trust.



24. Name of contact and telephone number for queries


Hannah Ashdown 0207 658 6208



25. Name and signature of authorised company official responsible for making
this notification


Hannah Ashdown

Schroders plc



Date of Notification


2 September 2005



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