Director/PDMR Shareholding

St. James's Place Capital PLC
03 March 2006


St. James's Place Capital plc ('SJPC')

SJPC was notified on 2 March 2006 of the following changes in interests in
ordinary shares of 15p in SJPC held by the executive Directors and Persons
Discharging Managerial Responsibilities ('PDMRs') named below.

On 2 March 2006, the executive Directors and PDMRs named below were granted nil
cost options under the terms of the SJPC 2005 Performance Share Plan, which was
approved by shareholders at the Annual General Meeting held on 12 May 2005, as
follows:


Name of Director                               Maximum number of SJPC shares
subject to award

David Bellamy                                  131,661
Andrew Croft                                   121,316
Ian Gascoigne                                  131,661
Mark Lund                                      199,843
Mike Wilson                                    235,109


Name of PDMR                                   Maximum number of SJPC shares
                                               subject to award

Adrian Batchelor                               37,617
Robin Chatterton                               35,266
Hugh Gladman                                   35,266
Mike Gravestock                                34,090
Sonia Harris                                   30,564
David Lamb                                     42,319
Bill Tonks                                     37,617
Stephen Williams                               32,915


The awards entitle participants to acquire up to a maximum amount of SJPC
shares.  The actual amount of SJPC shares which may be acquired on vesting of an
award is dependent upon the achievement of prescribed performance targets over a
three year performance period which commenced on 1 January 2006 and ends on 31
December 2008.   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 SJPC 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 accordance with section 324 (as extended by section
328) of the Companies Act 1985 and Disclosure Rule 3.1.4R(1)(a).


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