Director Shareholding

Schroders PLC
2 July 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 today informed 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)
25th June 2001                                 3,990                      £8.62
26th June 2001                                   129                      £8.56
29th June 2001                                   190                      £8.28


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


J.P. Bainbridge


2nd July 2001