Directorate Change

Schroders PLC
24 February 2005


                                 Schroders plc

Board Changes

Schroders plc announces that David Swensen will leave the Board and cease to be
a Director of the Company on 19 April 2005, the date of the Company's Annual
General Meeting. Mr Swensen joined the Board in April 2002. In the light of his
significant work commitments, he believes that it is now appropriate for him to
stand down from his responsibilities to Schroders.

Michael Miles, Chairman of Schroders said 'I would like, on behalf of the Board,
to thank David Swensen for his significant contribution to our Board discussions
over the last three years. We wish him well for the future.'

The Board intends to appoint an additional non-executive Director to replace Mr
Swensen.

Ends



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