Transition to IFRS

Schroders PLC
07 December 2004


                                 Schroders plc

7 December 2004

Preparation for the transition to International Financial Reporting Standards
As part of Schroders plc's preparation for the adoption of International
Financial Reporting Standards (IFRS), the Group will make a Stock Exchange
announcement on Tuesday 14 December 2004 providing an explanation of the key
changes under the new standards to the Group's net asset position at 1 January
2004 and 30 June 2004 and its financial results as at 30 June 2004.

This information is being released to provide shareholders and the financial
community with an early indication of the areas which are likely to be subject
to restatement under IFRS, in accordance with the best practice guidance issued
by the Hundred Group of Finance Directors in August 2004.

For further information please contact:

Julian Samways
Group Head of Corporate Communications
Schroders plc

Tel: [phone]



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