SAR - Photo-Me Intl. plc

Schroders PLC
28 August 2001



                                                                    FORM SAR 3

Lodge with Company Announcements Office (which will publicise and copy to the
Panel). A copy must also be sent to the company the shares of which are
acquired.

Date of disclosure:     28/08/01

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

Date of acquisition     23/08/01

Acquisition in          Photo-Me International plc

1) Class of             Number of shares           If rights over shares        
   voting shares        over shares acquired       acquired, as opposed to the  
   (e.g. ordinary                                  shares themselves,
   shares)                                         specify nature of rights
    

0.5p ordinary shares    1,327,809 shares


                                    
2)  Resultant total holding      Resultant total holding    Total percentage
    of voting shares (and        of rights over shares 
    % of total voting            (and % of total voting 
    shares in issue)             shares in issue)

57,955,515 shares (16.01%)                                       (16.01%)


(3)     Party making disclosure     Schroders plc

4)(a)   Name of person acquiring shares or        Schroders plc on behalf of
        rights over shares and, if different,     institutional clients on a
        beneficial owner                          non-beneficial basis

  (b)   Names of any other persons acting by
        agreement or understanding (see SAR 5)

Signed, for and on behalf of the party named in (3) above

(Also print name of signatory)     Alison Dunn

Telephone and extension number     020 7658 2959 (Direct line)

                         ___________________________

Note.     Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

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