Director Shareholding

Schroders PLC
23 November 2000



Schroders plc
-------------

In  compliance  with Section 329 of the Companies Act 1985  and  Chapter  16,
paragraph 13 of the Listing Rules, we hereby advise you that the Company  was
informed  on  22nd November 2000 that the trustees of the Schroders  Employee
Benefit Trust had purchased the following non-voting ordinary shares:

Date of Purchase             No. of non-voting           Price per Share
----------------             Ordinary Shares             ---------------
                             -----------------

15th November 2000                2,338                        £13.10
16th November 2000                  874                        £13.38
17th November 2000                1,175                        £13.32

The  potential  beneficiaries of the trust under the Company's Share  schemes
include,  among  others, Directors of Schroders plc apart from  non-executive
directors.



J.P. Bainbridge
Secretary