Director/PDMR Shareholding

Director/PDMR Shareholding

St. James's Place

St. James’s Place plc (“SJP”)

SJP was notified on 15 March 2011 of the following changes in SJP shares held by the executive Directors and Persons Discharging Managerial Responsibilities (“PDMRs”) named below.

Award of nil cost options under the SJP Performance Share Plan (“PSP”)

On 15 March 2011, the following executive Directors and PDMRs were granted nil cost options under the terms of the PSP over the number of SJP shares set out below:

Name of Director	Â	Maximum number of SJP ordinary 15p shares subject to award
David Bellamy		267,322
Andrew Croft		177,912
Ian Gascoigne		177,912
David Lamb		177,912
Mike Wilson		175,264

Name of PDMR	Â	Maximum number of SJP ordinary 15p shares subject to award
Adrian Batchelor		40,393
Mike Blunt		38,124
Tony Dunk		38,577
Hugh Gladman		40,393
Mike Gravestock		39,258
Sonia Gravestock		35,173
Bill Tonks		41,527

The awards vest in three years, subject to the achievement of prescribed performance targets over a three-year performance period that commenced on 1 January 2011 and will end on 31 December 2013. Two thirds of an award will be dependent on growth in adjusted earnings per share and one third on total shareholder return. Further details of the performance conditions are set out in the SJP Report & Accounts.

Award of SJP Shares under the SJP Deferred Bonus Scheme (“DBS”)

On 15 March 2011, SJP awarded the following ordinary 15p shares under the DBS to the executive Directors and PDMRs named below.

Under the scheme rules, the shares are held by an employee benefit trust (SG Hambros Trust Company (Channel Islands) Limited) on behalf of the executive Directors and PDMRs for a three-year restricted period which will end on 15 March 2014. Until that date, the shares are subject to forfeiture, for example if the executive Director or PDMR leaves SJP.

Name of Director	Â	Number of SJP ordinary 15p shares awarded
David Bellamy		77,558
Andrew Croft		58,397
Ian Gascoigne		58,397
David Lamb		58,397

Name of PDMR	Â	Number of SJP ordinary 15p shares awarded
Adrian Batchelor		26,977
Mike Blunt		29,198
Tony Dunk		28,286
Hugh Gladman		28,325
Mike Gravestock		30,111
Sonia Gravestock		25,548
Bill Tonks		31,936

The executive Directors and PDMRs shareholdings in SJP after the above transactions are as follows:

Name of Director	Â	Beneficial	Non-beneficial
David Bellamy		265,877	909,450
Andrew Croft		441,841	134,000
Ian Gascoigne		543,924	30,000
David Lamb		406,519	3,681
Mike Wilson		3,888,361	750,000

Name of PDMR	Â	Beneficial	Non-beneficial
Adrian Batchelor		225,594	21,497
Mike Blunt		143,347	-
Tony Dunk		182,700	200,959
Hugh Gladman		248,917	-
Mike Gravestock		187,601	-
Sonia Gravestock		186,477	-
Bill Tonks		156,190	14,130

With the exception of the changes notified in this announcement, the executive Directors’ and PDMRs’ shareholdings in SJP are unchanged.

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

Deputy Company Secretary
Tel: [phone]Tel: [phone]

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