3rd Quarter New Business

St. James's Place PLC
01 November 2006



                                 PRESS RELEASE


                                                                 1 November 2006


                              NEW BUSINESS FIGURES
                              TO 30 SEPTEMBER 2006


St. James's Place plc ('SJP'), the wealth management group, today announces its
new business figures to 30 September 2006.


The text of the announcement is attached:


Enquiries:

Mark Lund, Chief Executive               Tel: [phone]
Brunswick                                Tel: [phone]


                            ST. JAMES'S PLACE GROUP
                              NEW BUSINESS FIGURES
                              TO 30 SEPTEMBER 2006


                    NEW BUSINESS FOR THE NINE MONTHS UP 58%
                           AND FOR THE QUARTER UP 63%



                                          Nine months to                Change
                                       30 September 2006
   • Long Term Savings

       New Business*
       Investment                         £135.3 million                  +55%
       Pensions                            £94.0 million                  +85%
       Protection                          £16.7 million                   -6%

       Total                              £246.0 million                  +58%
    * see note 1

   • Wealth Management Services

     Gross fees generated                  £24.8 million                  +29%

   • Funds under Management at £14.3 billion, up 16% since the start of the year
     and up 25% over the previous twelve months


Mark Lund, Chief Executive, commented:


'We are delighted with the continued growth in our new business figures, which
are up 58% year to date and 63% in the third quarter.


'The 117% increase in our pensions business during the third quarter is
particularly pleasing.


'We continue to see a growing demand for high quality pensions and investment
advice.  Our successful wealth management proposition combined with our distinctive
approach to investment means that, through the St. James's Place Partnership, we
are very well placed to help clients take advantage of market opportunities.'




                            ST. JAMES'S PLACE GROUP
                              NEW BUSINESS FIGURES
                              TO 30 SEPTEMBER 2006

                               LONG-TERM SAVINGS

                                        Unaudited                                     Unaudited
                                       3 Months to                                   9 Months to
                                    30 September 2006                             30 September 2006
NEW PREMIUMS
                             2006          2005         Change            2006         2005         Change
                              £'m           £'m              %             £'m          £'m              %
New Regular
Premiums
     Pensions                16.6           7.2           131%            47.8         26.4            81%
     Protection               5.2           6.1           (15%)           16.7         17.7            (6%)
                             21.8          13.3            64%            64.5         44.1            46%
New Single
Premiums
     Investment             338.9         215.5            57%           927.7        592.5            57%
     Pensions               187.8          91.1           106%           461.8        243.5            90%
                            526.7         306.6            72%         1,389.5        836.0            66%
Unit Trust Sales
(including PEPs and
ISAs)                       105.8          81.9            29%           425.3        282.3            51%



                                       Unaudited                                     Unaudited
                                      3 Months to                                   9 Months to
                                   30 September 2006                             30 September 2006

NEW BUSINESS
(RP + 1/10th SP)             2006          2005         Change            2006         2005        Change
                              £'m           £'m              %             £'m          £'m             %
                         
Investment                   44.5          29.8            49%           135.3         87.5            55%
Pensions                     35.4          16.3           117%            94.0         50.8            85%
Protection                    5.2           6.1           (15%)           16.7         17.7            (6%)
                            -----         -----          -----           -----        -----          -----
Total                        85.1          52.2            63%           246.0        156.0            58%
                            -----         -----          -----           -----        -----          -----





                            ST. JAMES'S PLACE GROUP
                              NEW BUSINESS FIGURES
                              TO 30 SEPTEMBER 2006


                                     Notes

1.    New business from long-term savings is calculated in accordance with the life
      assurance industry convention by adding together new regular premiums and
      one-tenth of single premiums and unit trust sales.

2.    Sales of manufactured business on an APE basis for the nine months were 86%
      of the total reported (2005: 82%).

      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 £12.8 million new regular premiums (2005: £12.5 million) and £40.4
      million single premiums (2005: £17.3 million) for the nine months to 30
      September 2006. This equates to £16.8 million new business premiums (2005:
      £14.2 million).

      Sales of annuities by St. James's Place Partnership have been included in the
      reported figures under Pensions. These amount to £31.8 million single
      premiums (2005: £23.7 million) for the nine months to 30 September 2006 and
      equate to £3.2 million new business premiums (2005: £2.4 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
      Premiums Protection. These amount to £10.5 million of new regular premiums
      (2005: £11.0 million) for the nine months to 30 September 2006. This equates
      to £10.5 million new business premiums (2005: £11.0 million).

      Sales of non-manufactured single premium investment business amounting to
      £31.6 million have been included in the reported figures under investments
      for the nine months to 30 September 2006 (2005: £ nil). This equates to £3.2
      million new business premiums.





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