SAR - Corporate Services

Schroders PLC
30 January 2002

FORM SAR 5

Lodge with Company Announcements Office and Newstrack, if appropriate, and the Takeover Panel. A copy must also be
sent to the company the shares of which are being sold.

Reference:                              Date of disclosure:     30/01/02

DISCLOSURE UNDER NOTE 3 ON RULE 5 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF SHARES ('SARs')

Date of sale     29/01/02

Sale of          Corporate Services Group                     

                                                                                                                      
  (1)     Class of voting shares (e.g.   Number of shares/rights over shares sold   If rights over shares sold, as    
          ordinary shares)                                                          opposed to the shares themselves, 
                                                                                    specify nature of rights          
          Ordinary 10p shares                    388,000     shares                                                     
     
                                                              rights                                                    
                
                                                                                                                      
  (2)     Resultant total holding of voting shares   Resultant total holding of rights over       Total percentage 
           (and % of total voting shares in issue)   shares (and % of total voting shares in                    
                                                           issue) 
                                                    
           43,635,458     (15.918%)                                 ( %)                                (15.918%)  
 
(3)     Party making disclosure     Schroders plc

                                                                                                                      
(4)     (a)     Name of person selling shares or rights       Schroders plc on behalf of institutional clients on a 
                over shares and, if different, beneficial     on-beneficial basis 
                 owner
                 
       (b)     Names of any other persons acting by agreement                                                         
               or understanding                                                                                         
          
     
Signed, for and on behalf of the party named in (3) above     
(Also print name of signatory)     Brenda Versteeg (Regulatory Reporting Officer)
Telephone and extension number     020 7658 2962 (Direct line)
___________________________
For full details of the SARs disclosure requirements, see Rules 3 and 5 of the SARs. If in doubt, contact the Panel
on Takeovers and Mergers, Tel. No.: 020 7638 0129.
12.7.00 
 



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