Director Shareholding

St. James's Place Capital PLC
24 May 2002



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



Mr David Bellamy and Mr Martin Moule, both executive directors of SJPC, today
notified the Company that on 23 May 2002 they were granted the following options
to acquire ordinary shares of 15p each in SJPC under the Executive Share Option
Scheme 2000:


                           Number of options        Option price     Date from which         Expiry date
                                     granted                             exercisable


David Bellamy                        131,250      240p per share         23 May 2005         23 May 2012
Martin Moule                         121,875      240p per share         23 May 2005         23 May 2012



With the exception of the changes notified above, Mr Bellamy's and Mr Moule's
interests in ordinary shares of SJPC are unchanged.







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