Dividend Declaration

Dividend Declaration

St. James's Place

St. James’s Place plc (“SJP plc”)

Scrip Dividend : Interim Dividend

SJP plc announces that pursuant to the scrip dividend mandate scheme that was renewed at the Annual General Meeting held on 12 May 2011, the scrip dividend alternative in respect of the interim dividend for the year ending 31 December 2011 was accepted in respect of 15,827,822 shares, representing approximately 3.2% of SJP plc’s issued share capital on the interim dividend record date of 5 August 2011. Application will shortly be made to the UK Listing Authority and the London Stock Exchange for 156,627 additional ordinary shares of 15p each to be admitted to the Official List and to trading. It is expected that such listing will become effective and that dealings in the additional shares will commence on 14 September 2011. The above shares will rank pari passu in all respects with the existing issued ordinary shares in SJP plc.