Director Shareholding

St. James's Place Capital PLC
24 March 2004


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

Mr Mark Lund, an executive director of SJPC, today notified the Company that on
23 March 2004 he was granted an option to acquire 11,354 ordinary shares of 15p
each in SJPC at an exercise price of £1.44 per share under the SJPC Sharesave
Share Option Scheme, exercisable between 1 May 2009 until 1 November 2009.

With the exception of the changes notified above, Mr Lund's interests in
ordinary shares of SJPC are unchanged.


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