Purchase of Own Securities

Schroders PLC
10 October 2002

Schroders plc

Purchase of own securities

Schroders plc announces that today it purchased for cancellation through
Cazenove & Co. Ltd 26,515 non-voting ordinary shares at a price of 390.4116p per
share.

Enquiries

Ian Johnson     Schroders plc     0207 658 6243

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