Director/PDMR Shareholding

Director/PDMR Shareholding

St. James's Place

St. James’s Place plc (“SJP”)

SJP was notified on 7 March 2011 of the following changes in SJP shares held by the executive Directors and Persons Discharging Managerial Responsibility (“PDMRs”) named below.

Exercise of Awards under the SJP Performance Share Plan 2005 (“PSP”)
The Directors/PDMRs listed below exercised nil cost options under the PSP on 3 March 2011 and acquired the number of SJP ordinary shares set out in column 1 of the table below. The exercise of the nil cost options follows the satisfaction of prescribed performance targets over a three-year period. Column 2 sets out the number of SJP shares sold at 304.631 pence per share to meet the cost of income tax, national insurance and dealing costs payable on the exercise of the awards. Column 3 sets out the additional number of SJP shares sold at 304.631 pence per share. Column 4 sets out the number of shares retained by each Director/PDMR as a result of this exercise. The Directors/PDMRs listed below exercised nil cost options under the PSP on 3 March 2011 and acquired the number of SJP ordinary shares set out in column 1 of the table below. The exercise of the nil cost options follows the satisfaction of prescribed performance targets over a three-year period. Column 2 sets out the number of SJP shares sold at 304.631 pence per share to meet the cost of income tax, national insurance and dealing costs payable on the exercise of the awards. Column 3 sets out the additional number of SJP shares sold at 304.631 pence per share. Column 4 sets out the number of shares retained by each Director/PDMR as a result of this exercise.

Â	Â	1	Â	2	Â	3	Â	4
Name of Director		Number of SJP shares acquired on exercise		Number of shares sold to meet tax liability		Number of additional shares sold		Number of SJP shares retained
Ian Gascoigne		98,105		50,280		47,825		-
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Â		1		2		3		4
Name of PDMR		Number of SJP shares acquired on exercise		Number of shares sold to meet tax liability		Number of additional shares sold		Number of SJP shares retained
Adrian Batchelor		26,059		13,324		-		12,735
Mike Blunt		23,759		12,177		11,582		-
Mike Gravestock		23,759		12,148		-		11,611
Sonia Gravestock		21,459		10,972		-		10,487
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Deferred Bonus Scheme
As previously notified the trustees of SJP's Deferred Bonus Scheme transferred SJP shares to the executive Directors and PDMRs named below on 5 March 2008 relating to bonuses earned in respect of the 2007 financial year and which were invested in SJP shares and held in trust subject to forfeiture for a period of three years. On 5 March 2011 the shares became no longer subject to forfeiture and income tax and National Insurance liabilities became payable. In order to settle the tax liability, the Directors and PDMRs sold the number of shares in column 2 of the table below on 7 March 2011 at a price of 319.044 pence per share. Column 3 sets out the additional number of SJP shares sold at 319.044 pence per share. Column 4 sets out the number of shares retained by each Director/PDMR as a result of this exercise. As previously notified the trustees of SJP's Deferred Bonus Scheme transferred SJP shares to the executive Directors and PDMRs named below on 5 March 2008 relating to bonuses earned in respect of the 2007 financial year and which were invested in SJP shares and held in trust subject to forfeiture for a period of three years. On 5 March 2011 the shares became no longer subject to forfeiture and income tax and National Insurance liabilities became payable. In order to settle the tax liability, the Directors and PDMRs sold the number of shares in column 2 of the table below on 7 March 2011 at a price of 319.044 pence per share. Column 3 sets out the additional number of SJP shares sold at 319.044 pence per share. Column 4 sets out the number of shares retained by each Director/PDMR as a result of this exercise.

Â	Â	1	Â	2	Â	3	Â	4
Name of Director		Number of SJP shares no longer subject to forfeiture		Number of shares sold to meet tax liability		Number of additional shares sold		Number of SJP shares retained
David Bellamy		86,564		44,259		-		42,305
Andrew Croft		64,923		33,195		-		31,728
Ian Gascoigne		64,923		33,110		31,813		-
David Lamb		41,478		21,153		20,325		-
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Â	Â	1	Â	2	Â	3	Â	4
Name of PDMR		Number of SJP shares no longer subject to forfeiture		Number of shares sold to meet tax liability		Number of additional shares sold		Number of SJP shares retained
Adrian Batchelor		35,256		18,026		-		17,230
Michael Blunt		30,297		15,491		-		14,806
Tony Dunk		28,674		14,623		14,051		-
Hugh Gladman		32,664		16,701		-		15,963
Mike Gravestock		31,109		15,865		15,244		-
Sonia Gravestock		27,998		14,278		13,720		-
Bill Tonks		36,293		18,557		-		17,736
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The table below sets out the current holdings of the said Directors/PDMRs in SJP ordinary 15p shares after the above transactions:

Name of Director	Â	Beneficial	Â	Non-beneficial
					Â
David Bellamy		188,319		909,450
Andrew Croft		383,444		134,000
Ian Gascoigne		485,527		30,000
David Lamb		348,122		3,681
					Â

Name of PDMR	Â	Beneficial	Â	Non-beneficial
					Â
Adrian Batchelor		198,617		21,497
Michael Blunt		114,149		-
Tony Dunk		154,414		200,959
Hugh Gladman		220,592		-
Mike Gravestock		157,490		-
Sonia Gravestock		160,929		-
Bill Tonks		124,254		14,130
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With the exception of the changes notified in this announcement, the Directors/PDMRs holdings of SJP shares are unchanged.

This notification is made in accordance with Disclosure and Transparency Rule 3.1.4R(1)(a).

End