Director Shareholding

St. James's Place Capital PLC
04 March 2003

SJPC was today notified of the following acquisitions of ordinary shares of 15p
in SJPC, by S G Hambros Trust Company (Guernsey) Limited.

Date                         Number of shares                   Price per share

27 February 2003             1,362,401                          93.86p
27 February 2003             450,000                            94.5p

S G Hambros Trust Company (Guernsey) Limited is trustee of the SJPC Employees
Share Trust, the potential beneficiaries of which include executive directors
and employees of the SJPC Group.

In addition, SJPC was today advised by Mr David Bellamy, an executive director
of SJPC, that on 28 February 2003 Mr Bellamy closed the five-year Sharesave
account opened by him in August 1997. The associated Sharesave option over
16,121 SJPC ordinary shares of 15p each granted to Mr Bellamy on 11 August 1997
at an option price of 107p per share has therefore lapsed.

SJPC was also advised today by Mr Mike Wilson, an executive director of SJPC,
that on 28 February 2003 Mr Wilson closed the five-year Sharesave account opened
by him in August 1997.  The associated Sharesave option over 16,121 SJPC
ordinary shares of 15p each granted to Mr Wilson on 11 August 1997 at an option
price of 107p per share has therefore lapsed.

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


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