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Schroders PLC (SDR)

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Tuesday 18 September, 2001

Schroders PLC

SAR - John David Sports

Schroders PLC
18 September 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.

Reference:                         Date of disclosure:     18/09/01

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

Date of acquisition     14/09/01

Acquisition in          John David Sports Plc

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

5p ordinary shares          90,000 shares

                                   rights


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

                          8,017,289                                    (17.15%)


(3)     Party making disclosure     Schroders plc

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


        (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)  Brenda Versteeg (Compliance Reporting Assistant)

Telephone and extension number     020 7658 2962 (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


12.7.00