Director Shareholding

St. James's Place Capital PLC
01 April 2003





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



Messrs David Bellamy, Ian Gascoigne, Martin Moule and Mike Wilson, 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 1 April 2003 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 72p per share as set out below:


                      Number of shares under option      Period exercisable

Mike Wilson           22,812                             1 May - 31 October 2008
David Bellamy         22,812                             1 May - 31 October 2008
Ian Gascoigne         13,125                             1 May - 31 October 2006
Martin Moule          13,125                             1 May - 31 October 2006





Furthermore, on 28 March 2003 the abovementioned Directors cancelled options
granted under the SJPC Sharesave Share Option Scheme on 11 September 2002 to
acquire the following ordinary shares of 15p each in SJPC, with an exercise
price of 104p per share:


                              Number of shares under option

David Bellamy                 15,913
Ian Gascoigne                 9,134
Martin Moule                  7,307
Mike Wilson                   15,913




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




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