Director Shareholding

St. James's Place Capital PLC
01 March 2004







St. James's Place Capital plc ('the Company')



The Company announces details of dealings in shares and options by Directors and
connected persons notified to it by the Directors as follows:



Mr Mark Lund notified the Company today that he today acquired 16,941 ordinary
shares of 15p each in the Company at a price of £1.82 each.



Accordingly, following this transaction, Mr Lund's interests in ordinary shares
of the Company are as follows:



Beneficial:                     16,941

Non-beneficial: nil



In addition, Mr David Bellamy, Mr Ian Gascoigne, Mr Mark Lund and Mr Mike
Wilson, all executive directors of the Company, today notified the Company that
on 27 February 2004 they were granted the following options to acquire ordinary
shares of 15p each in the Company under the Executive Share Option Scheme 2000:


                         Number of           Option price        Date from which            Expiry date
                           options                                   exercisable
                           granted


David Bellamy              176,470       £1.785 per share       27 February 2007       27 February 2014
Ian Gascoigne              184,873       £1.785 per share       27 February 2007       27 February 2014
Mark Lund                  750,000       £1.785 per share       27 February 2007       27 February 2014
Mike Wilson                378,151       £1.785 per share       27 February 2007       27 February 2014





Mr Mike Wilson, Chief Executive of the Company, also notified the Company today
that the options granted on 11 December 2000 under the Executive Share Option
Scheme 2000 to acquire 450,000 ordinary shares of 15p each in the Company at an
exercise price of 352.2p per share, have lapsed in accordance with the Scheme
rules as a result of the performance condition which applied to these options
not being met.



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




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