Director Shareholding

St. James's Place Capital PLC
12 September 2002



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



Messrs Mike Wilson, David Bellamy and Martin Moule, Directors of St. James's
Place Capital plc ('SJPC') have today notified SJPC of the following changes in
options held by them over shares in SJPC:



On 11 September 2002 the abovementioned Directors were granted options under the
SJPC Sharesave Share Option Scheme to acquire ordinary shares of 15p each in
SJPC at an exercise price of 104p per share as set out below:


                      Number of shares under option      Period exercisable

Mike Wilson           15,913                             1 November 2007 to 30 April 2008
David Bellamy         15,913                             1 November 2007 to 30 April 2008
Martin Moule          7,307                              1 November 2005 to 30 April 2006



Furthermore, on 11 September 2002 Mr Moule cancelled an option granted under the
SJPC Sharesave Share Option Scheme on 27 March 2001 to acquire 2,299 ordinary
shares of 15p each in SJPC, with an exercise price of 337p per share.



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




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