Director Shareholding

Schroders PLC
30 October 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 yesterday
that the trustees of the Schroders Employee Benefit Trust have purchased the
following non-voting ordinary shares:

Date of Purchase    No. of non-voting Ordinary Shares   Average price per share
                                                              (including costs)

24th October 2001                              25,000                     £7.34
26th October 2001                              10,000                     £7.39

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

J.P. Bainbridge

30th October 2001