Director Shareholding

St. James's Place Capital PLC
02 January 2003

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

Director shareholding



As notified by SJPC on 22 October 2002, the resignation of John Newman and the
appointment of Mr Ian Gascoigne as Group Sales Director of SJPC became effective
on 1 January 2003.



Mr Gascoigne's interests in the securities of SJPC at the date of his
appointment are as follows.



Ordinary shares of 15p each:



Beneficial:                                 192,505
Non-beneficial:


Options to subscribe for ordinary shares of 15p:


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

Option to subscribe for 19.01.96       19.01.03 to        Nil                   1.71p per share
9,187 ordinary shares                  19.01.06
of 15p each

Option to subscribe for 13.07.97       13.07.02 to        Nil                   £1.33 per share
20,300 ordinary shares                 13.07.07
of 15p each

Option to subscribe for 13.07.97       01.07.02 to        Nil                   £1.33 per share
94,066 ordinary shares                 13.07.07
of 15p each

Option to subscribe for 13.07.97       01.07.03 to        Nil                   £1.33 per share
94,068 ordinary shares                 13.07.07
of 15p each

Option to subscribe for 23.05.02       23.05.05 to        Nil                   £2.40 per share
109,375 ordinary shares                23.05.12
of 15p each

Option to subscribe for 11.09.02       01.11.05 to        Nil                   £1.04 per share
9,134 ordinary shares                  30.04.06
of 15p each




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