Director Shareholding

Schroders PLC
25 June 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)
18th June 2001                                17,003                      £8.87

19th June 2001                                17,077                      £8.80

20th June 2001                                11,000                      £8.63

21st June 2001                                 5,000                      £8.55

22nd June 2001                                24,905                      £8.70


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


J.P. Bainbridge


25th June 2001