8:00 AM New York - Schroders Plc reported profit attributable to shareholders grew to £303 million in 2007 from £221.9 million a year earlier.

Annual Earnings Review

Schroders Plc reported revenues in the year ended December 31st rose from £798.2 million a year ago to £1.19 billion as strong growth was recorded across all segments.

For the year, net profit rose from £221.9 million in 2006 to £303 million in 2007. Basic earnings per share increased 36% to 104.8 from 76.9 in the year ago period.

Funds under management for the year also rose to £139.1 billion from £128.5 billion in 2006.

Dividends for the full year jumped to £0.30 per share.

Segment Review - Asset Management

Profit before tax in the year grew to 35% to £392.5 million from £290 million in 2006.

Gross profit margins in the segment increased 60 basis from 55 basis points a year ago, while profit before tax grew 22% to £266.5 million from £219 million in 2006.

Asset Management income rose 20% to £785.4 million compared to £655.6 million in 2006.

In the retail business, net sales jumped to £8.8 billion as retail net inflows firmed in Asia Pacific and the UK were above net outflows in Continental Europe.

In the year, UK net sales doubled compared to 2006 and in the US there was an increase in inflows and an expanding number of distribution relationships.

Also funds under management in Retail leapt from £42.5 billion from a year ago to £56.2 billion.

The joint venture asset management company in China had net sales of £800 million thereby increasing funds under management to £3.8 billion at the year end.

Fees on business won in 2007 were 40% higher than the fees on business lost. In addition, funds under management in Institutional ended the year at £73.2 billion from £77.4 billion a year earlier.

In 2007, Schroders opened new offices in Mumbai and Dubai and strategically positioned itself for demographic and savings trends in emerging markets.

Private Banking

Income in Private Banking grew 11% to £105.9 million from £95.7 million a year earlier. Profit before tax in the period rose 54% to £41.3 million from £26.9 million a year ago.

In the year Schroders completed the acquisition of a small private client business in Singapore that will enable the company to serve high net worth individuals in the region.

Net new business in 2007 was at £200 million from £400 million as funds under management ended the year at £9.7 billion, higher than £8.6 billion in 2006.