Director/PDMR Shareholding

St. James's Place PLC
07 August 2007

St. James's Place plc ('SJP')



SJP was notified on 7 August 2007 of the following changes in interests in
ordinary shares of 15p in SJP held by the executive Director named below.



On 7 August 2007, David Bellamy was granted a nil cost option over 40276 SJP
shares, under the terms of the SJP 2005 Performance Share Plan.  The award was
approved by the Remuneration Committee of SJP in light of David Bellamy's recent
appointment as CEO of St. James's Place plc.



The award entitles the participant to acquire up to 40276 SJP shares.  The
actual amount of SJP shares which may be acquired on vesting of an award is
dependent on the achievement of prescribed performance targets over a three year
performance period which commenced on 1 January 2007 and ends on 31 December
2009.   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.



With the exception of the changes notified in this announcement, the Directors'
interests in ordinary shares of the Company are unchanged.



This notification is made in fulfilment of obligations under DTR 3.1.4(R).




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