Director Shareholding

St. James's Place Capital PLC
12 March 2003



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



Mr David Bellamy, Mr Ian Gascoigne, Mr Martin Moule and Mr Mike Wilson, all
executive directors of SJPC, today notified the Company that on 10 March 2003
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                      353,932      89p per share          10 March 2006          10 March 2013
Ian Gascoigne                      337,078      89p per share          10 March 2006          10 March 2013
Martin Moule                       328,651      89p per share          10 March 2006          10 March 2013
Mike Wilson                        758,426      89p per share          10 March 2006          10 March 2013



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






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