Director Shareholding

Schroders PLC
19 December 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  today that the trustees of the Schroders Employment  Benefit  Trust
have purchased the following non-voting ordinary shares:

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

13th December 2000              100                            £12.39
14th December 2000              200                            £12.54

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