4th Quarter New Business

St. James's Place PLC
25 January 2007

                                 PRESS RELEASE

                                                                 25 January 2007

                              NEW BUSINESS FIGURES
                              TO 31 DECEMBER 2006


St. James's Place plc ('SJP'), the wealth management group, today announces its
new business figures to 31 December 2006.

The text of the announcement is attached:

Enquiries:

Mike Wilson, Chairman                                         Tel: [phone]

Brunswick                                                     Tel: [phone]



                            ST. JAMES'S PLACE GROUP
                              NEW BUSINESS FIGURES
                              TO 31 DECEMBER 2006

                        NEW BUSINESS UP 58% FOR THE YEAR
                          WITH A STRONG FINAL QUARTER


                                         Twelve months to
                                         31 December 2006                 Change

•    Long Term Savings

          New Business*
               Investment                   £186.5 million                  +49%
               Pensions                     £140.1 million                  +96%
               Protection                    £22.5 million                   -8%

               Total                        £349.1 million                  +58%
          * see note 1

•    Wealth Management Services

          Gross fees generated               £35.7 million                  +26%

•    Funds under Management at £15.4 billion up 25% since the start of the year

•    The size of the St. James's Place Partnership at 31 December 2006 was 1,157
     (see note 3)


Mike Wilson, Chairman , commented:

'We are delighted with our new business results for 2006 particularly because
this follows strong growth in the previous two years. The growth in each quarter
last year was in excess of 50%, exceeding our expectations and resulting in 58%
growth for the year overall.

'The strength and quality of our own dedicated distribution, the St. James's
Place Partnership, continues to give us a major competitive advantage in the UK
wealth management market.

'Our longer term growth target for new business remains 15-20% per annum.'


                            ST. JAMES'S PLACE GROUP
                              NEW BUSINESS FIGURES
                              TO 31 DECEMBER 2006
                               LONG TERM SAVINGS


                                             Unaudited                                        Unaudited
                                            3 Months to                                      12 Months to
                                          31 December 2006                                 31 December 2006

NEW PREMIUMS                        2006          2005       Change                 2006           2005     Change
                                     £'m           £'m         %                     £'m            £'m        %
New Regular
Premiums
     Pensions                       17.5           9.1        92%                   65.3           35.5       84%
     Protection                      5.8           6.6       (12%)                  22.5           24.4       (8%)

                                    23.3          15.7        48%                   87.8           59.9       47%

New Single
Premiums
     Investment                    392.5         284.8        38%                1,320.2          877.3       50%
     Pensions                      286.3         115.9        147%                 748.1          359.4      108%

                                   678.8         400.7        69%                2,068.3        1,236.7       67%

Unit Trust Sales
(including PEPs and ISAs)          119.6          92.5        29%                  544.9          374.8       45%


                                             Unaudited                                        Unaudited
                                            3 Months to                                      12 Months to
                                         31 December 2006                                  31 December 2006

NEW BUSINESS
(RP + 1/10th SP)                   2006          2005       Change                  2006           2005     Change
                                    £'m           £'m          %                     £'m            £'m        %

Investment                         51.2          37.7         36%                  186.5          125.2       49%
Pensions                           46.1          20.7        123%                  140.1           71.4       96%
Protection                          5.8           6.6        (12%)                  22.5           24.4       (8%)

Total                             103.1          65.0         59%                  349.1          221.0       58%


                            ST. JAMES'S PLACE GROUP
                           WEALTH MANAGEMENT SERVICES
                            KEY BUSINESS HIGHLIGHTS
                              TO 31 DECEMBER 2006
                                   Unaudited


Gross fees generated from additional
wealth management services                          £35.7m up 26% (2005: £28.3m)

                                                                12 Months to
                                                                31 December 2006

New Mortgage Advances                                                  £6,036.4m

St. James's Place Bank                                                   £765.7m
Other lenders                                                          £5,270.7m

Portfolio Management Services

New portfolios                                                            £39.2m

Trust and Estate Planning Services

Number of cases                                                              808

St. James's Place Bank

Credit balances                                                          £777.6m
Mortgage balances                                                      £1,743.5m



                            ST. JAMES'S PLACE GROUP
                              NEW BUSINESS FIGURES
                              TO 31 DECEMBER 2006

                                     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 twelve months were 
     87% of the total reported (2005: 83%).

     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 £16.8 million regular premiums (2005: £15.6 
     million) and £46.2 million single premiums (2005: £23.8 million) for the 
     twelve months to 31 December 2006.  This equates to £21.4 million new 
     business premiums (2005: £18.0 million).

     Sales of annuities by St. James's Place Partnership have been included in 
     the reported figures under Pensions.  These amount to £50.3 million single 
     premiums (2005: £34.2 million) for the twelve months to 31 December 2006 
     and equate to £5.0 million new business premiums (2005: £3.4 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 £14.1 million of new regular 
     premiums (2005: £15.1 million) for the twelve months to 31 December 2006.  
     This equates to £14.1 million new business premiums (2005: £15.1 million).

     Sales of non-manufactured single premium investment business amounting to 
     £47.5 million (2005: £0 million) have been included in the figures under 
     investments for the twelve months to 31 December 2006.  This equates to 
     £4.8 million new business premiums.

3.   On 17 October 2006 St. James's Place entered into an agreement with Home of
     Choice, the specialist mortgage business, with a view to 99 Partners 
     leaving St. James's Place and joining that organisation.

     The size of the Partnership at 31 December 2005 was 1,148 and rebased to 
     exclude the 99 Partners the figure would have been 1,049.  However we 
     estimate the underlying growth in the Partnership was some 5-6%.


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