Director Shareholding

Schroders PLC
27 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 today that the trustees of the Schroders Employee Benefit Trust have
purchased the following non-voting ordinary shares:

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

20th November 2000                  281                          £13.23
21st November 2000               11,000                          £13.00
22nd November 2000               10,000                          £12.75
24th November 2000                  500                          £12.30

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