Director Shareholding

St. James's Place Capital PLC
11 August 2003


Mr David Bellamy, a director of SJPC, has notified the company that he exercised
options today under the J. Rothschild Assurance Holdings plc First Employees
Share Option Scheme over 26,250 ordinary 15p shares of SJPC at an exercise price
of 0.57 pence per share.

Mr Bellamy's interests in ordinary shares of SJPC after this transaction are:

Beneficial:                     438,188
Non-beneficial                  238,100


With the exception of the changes notified above, Mr Bellamy's interests in
options to subscribe for ordinary shares in SJPC are unchanged.



                      This information is provided by RNS
            The company news service from the London Stock Exchange