1st Quarter New Business

St. James's Place PLC
02 May 2007



                                 PRESS RELEASE



                                                                      2 May 2007



         New business figures for the three months ended 31 March 2007



St. James's Place plc ('SJP'), the wealth management group, today announces its
new business figures for the three months ended 31 March 2007.


The text of the announcement is attached:


Enquiries:


Mike Wilson, Chairman         Tel:   [phone]
Brunswick                     Tel:   [phone]



                            ST. JAMES'S PLACE GROUP
                              NEW BUSINESS FIGURES
                               FIRST QUARTER 2007



                           41% GROWTH IN NEW BUSINESS




                                                   3 months to
                                                 31 March 2007            Change
•  Long Term Savings


   New Business*
        Investment                               £52.8 million             + 22%
        Pensions                                 £40.2 million             + 95%
        Protection                                £4.8 million             - 14%

        Total                                    £97.8 million             + 41%
* see note 1



•  Wealth Management Services


Gross fees generated                              £7.9 million             + 22%



•  Funds under management at £16.3 billion up 6% since the start of the year and
   up 21% over the previous twelve months



Mike Wilson, Chairman, commented:


'We are delighted with the first quarter new business growth and the continued
momentum of the business.


'These results once again demonstrate the strength of our dedicated distribution
the St. James's Place Partnership and the increasing demand for quality advice.


'The much stronger new business comparatives during the remainder of the year
will see our relative growth slow.  However, the strong first quarter means that
we are well placed to achieve our longer term growth objective of 15-20% per
annum in the current year.'



                            ST. JAMES'S PLACE GROUP
                              NEW BUSINESS FIGURES
                               FIRST QUARTER 2007
                               LONG TERM SAVINGS


                                                            Unaudited
                                                           3 Months to
                                                          31 March 2007
  NEW PREMIUMS
                                                   2007          2006    Change
                                                    £'m           £'m         %

  New Regular Premiums
     Pensions                                      17.0           9.3       83%
     Protection                                     4.8           5.6      (14%)

                                                   21.8          14.9       46%

  New Single Premiums
     Investment                                   350.8         288.9       21%
     Pensions                                     232.3         113.0      106%

                                                  583.1         401.9       45%

  Unit Trust Sales                                177.2         143.4       24%
  (including PEPs and ISAs)




  NEW BUSINESS                                     2007          2006    Change
  (RP + 1/10th SP)                                  £'m           £'m         %


  Investment                                       52.8          43.2       22%
  Pensions                                         40.2          20.6       95%
  Protection                                        4.8           5.6      (14%)

  Total                                            97.8          69.4       41%






                        ST. JAMES'S PLACE GROUP
                          NEW BUSINESS FIGURES
                            FIRST QUARTER 2007


                               Notes


1.  New business from long term savings is calculated in accordance with the 
    standard industry measure of adding together new regular premiums and 
    one-tenth of single premiums and unit trust sales ('APE').

2.  Sales of manufactured business on an APE basis for the three months was 89% 
    of the total reported (2006: 87%).

    Sales of non-manufactured pensions including stakeholder by St. James's 
    Place Partnership have been included in the reported figures under Pensions.  
    These amount to £4.1 million new regular premiums (2006: £3.5 million) and 
    £6.2 million single premiums (2006: £8.6 million) for the three months to 
    31 March 2007.  This equates to £4.7 million new business premiums 
    (2006: £4.4 million).

    Sales of annuities by St. James's Place Partnership have been included in 
    the reported figures under Pensions.  These amount to £15.7 million single 
    premiums (2006: £9.3 million) for the three months to 31 March 2007 and 
    equate to £1.6 million new business premiums (2006:£0.9 million).

    Sales of protection business by St. James's Place Partnership through a 
    panel of providers have been included in the reported figures under New 
    Regular Premium Protection.  These amount to £2.8 million of new regular 
    premiums (2006: £3.5 million) for the three months to 31 March 2007.  This 
    equates to £2.8 million new business premiums (2006: £3.5 million).

    Sales of non-manufactured single premium investment business amounting to 
    £16.5 million (2006: £0.3 million) have been included in the figures under 
    investments for the three months to 31 March 2007. This equates to £1.6 
    million new business premiums (2006: £0 million).




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