Director Shareholding

St. James's Place Capital PLC
8 November 2000


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

Mr John Newman, a director of SJPC, notified the Company on 7 November 2000
that on 3 November 2000 he exercised options over 385,000 ordinary shares of
SJPC at an exercise price of 0.57p per share.

Mr Newman's interests in ordinary shares of SJPC after this transaction are:

Beneficial:                        571,000              
Non-beneficial:                     63,500

Mr Newman's interests in options to subscribe for ordinary shares in SJPC
after this transaction are:

Description and       Date of     Period       Consideration  Exercise price
number of securities  grant       exercisable  for grant

Option to subscribe   13.07.97    13.07.02 to       nil       £1.33 per share
for 20,902 ordinary               13.07.07
shares of 15p each
                           
Option to subscribe   13.07.97    01.07.01 to       nil       £1.33 per share
for 118,032 ordinary              13.07.07
shares of 15p each
                           
Option to subscribe   13.07.97    01.07.02 to       nil       £1.33 per share
for 118,032 ordinary              13.07.07
shares of 15p each
                          
Option to subscribe   13.07.97    01.07.03 to       nil       £1.33 per share
for 118,034 ordinary              13.07.07 
shares of 15p each
                          
Option to subscribe   14.08.97    01.09.02 to       nil       £1.07 per share
for 16,121 ordinary               01.03.03 
shares of 15p each