Cancellation of Shares held in Treasury

Schroders plc

23 December 2011

Cancellation of Shares held in Treasury

Schroders plc announces that it has today cancelled 3,158,771 non-voting ordinary shares previously held in Treasury with immediate effect. Following this cancellation, the Company has 554,847 non-voting ordinary shares held in Treasury. There are no ordinary shares held in Treasury. Excluding the Treasury shares, the Company has 55,950,753 non-voting ordinary shares and 226,022,400 ordinary shares (i.e. with voting rights attached) in issue.

For further information, please contact:

Graham Staples +44 207 658 6742

Company Secretary

Schroders plc