Transactions in own shares

Schroders plc (the Company) announces today it has purchased the following number of its non-voting ordinary shares of £1 each on the London Stock Exchange from J.P. Morgan Securities plc.

Non-voting ordinary Shares:

Date of purchase:                                                                      24 March 2017

Number of non-voting ordinary shares purchased:                  32,962

Lowest price per share                                                              2291.0000 pence          

Highest price per share                                                              2316.0000 pence

Trading venue                                                                           London Stock Exchange

Weighted average price per day per trading venue:                      2300.6603 pence

The Company intends to cancel the purchased shares.

Following the above transaction, the Company has 56,583,333 non-voting ordinary shares in issue. There are no shares held in treasury.