Director Shareholding

St. James's Place Capital PLC
29 October 2004


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


Mr Mark Lund notified the Company today that he has acquired 5490 ordinary
shares of 15p each in the Company at a price of £1.81 each.  These shares were
acquired on 28 October 2004.

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


Beneficial:               22,580
Non-beneficial:           nil

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


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