Director Shareholding

Schroders PLC
2 April 2001

                                SCHRODERS PLC




In compliance with Section 329 of the Companies Act 1985 and Chapter 16 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:

                  No. of non-voting Ordinary Shares  Average Price Per Share

                                                     (including costs)
26th March 2001                               87,000                      £9.89

27th March 2001                                  371                     £10.05

28th March 2001                              104,859                     £10.06

30th March 2001                               22,070                     £10.06


The potential beneficiaries of the trust under the Company's share schemes
include, among others, Directors of Schroders plc.



J.P. Bainbridge

Secretary



2nd April 2001