RNS Number:0501A
Schroders PLC
20 March 2006

                                                                      FORM SAR 3



                           DISCLOSURE OF ACQUISITIONS

       (Rule 3 of The Rules Governing Substantial Acquisitions of Shares)




Name of acquirer                                Schroders plc
Beneficial owner, if different from above       Clients under discretionary management agreements with Schroder
                                                Investment Management Limited and its associates and subsidiaries.



Names of any other persons acting by agreement  n/a
or understanding (see SAR 5)
Company dealt in                                Management Consulting Group

Class of voting shares (eg ordinary shares)     Ord 25p

Date of acquisition                             17.03.06





Number of shares acquired                       179,974

Number of rights over shares acquired #         n/a
Nature of rights over shares                    n/a






Total holding of voting shares (and percentage  34,287,039 (18.094%)
of total voting shares in issue)

Total holding of rights over shares (and        n/a
percentage of total voting shares in issue)

Combined total holding (and percentage) of      34,287,039 (18.094%)
voting shares and rights over shares







Date of disclosure                              20.03.06


Contact name                                    Albion Onojobi

Telephone number                                020 7658 2962




#  See the definition of "rights over shares" in the Definitions Section of the
SARs.



For details of the SARs disclosure requirements, see SARs 3 and 5 and their
Notes which can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.






                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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