Director/PDMR Shareholding

1

Details  of  the  persons  discharging  managerial  responsibilities  /  person  closely associated

a)

Name(s)

Philip Mallinckrodt

2

Reason for the notification

a)

Position/status

Non-executive Director

b)

Initial notification / Amendment

Initial notification

3

 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Schroders plc

b)

LEI

2138001YYBULX5SZ2H24

4

Details of the transaction(s): section to be repeated for (i) each type of instrument;

(ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of  the financial instrument, type of instrument

Identification code

Non-voting ordinary shares of £1 each

GB0002395811

b)

Nature of the transaction

1. Exercise of Long Term Incentive Plan over 9,683 non-voting ordinary shares at nil cost.

2. Subsequent sale of 4,565 of these shares sold at £19.82 to cover tax and dealing costs. The balance of 5,118 shares was retained.

3. Exercise of Share Award over 22,016 non-voting ordinary shares at nil cost granted in 2015 under the Schroders Equity Compensation Plan 2011.

4. Subsequent sale of 10,379 of these shares sold at £19.83 to cover tax and dealing costs. The balance of 11,637 shares was retained.

c)

Price(s) and volume(s)

d)

Aggregated information

N/A

e)

Date of the transactions

Transactions 1 - 2: 7 March 2019

Transactions 3 - 4: 8 March 2019

f)

Place of the transactions

London Stock Exchange, Main Market (XLON)