Director Shareholding

Schroders PLC
18 March 2002





                                 Schroders plc




In compliance with Section 329 of the Companies Act 1985 and Chapter 16,
paragraph 13 of the Listing Rules we hereby notify that on 11th March 2002 the
following directors of Schroders plc were granted the right to acquire the
numbers of non-voting ordinary shares in Schroders plc set against their
respective names under the Rules of the Company's Equity Compensation Plan.


A.F.Sykes                         6,199
M. Tosato                        16,294
J.A.Troiano                      13,549




The awards were granted for no consideration and are not normally exercisable
for three years.


J.P. Bainbridge

Secretary

18th March 2002



                      This information is provided by RNS
            The company news service from the London Stock Exchange