Director Shareholding

St. James's Place Capital PLC
13 May 2005

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



SJPC was notified on 13 May 2005 of the following changes in interests in
ordinary shares of 15p in SJPC held by the executive Directors named below.



Sale of shares

As announced by SJPC in April 2002, the trustees of SJPC's Deferred Bonus Scheme
transferred shares to the executive Directors named below on 2 April 2002.
These shares were held by SJPC on behalf of the Directors for a restricted
period which ended on 12 May 2005.  These shares are therefore no longer subject
to forfeiture:


Name of Director                                     Number of shares

David Bellamy                                          8,108
Ian Gascoigne                                          6,756
Mike Wilson                                           18,081



The above Directors notified SJPC on 13 May 2005 that on 12 May 2005 they sold
the above shares in SJPC at a price of 2.201/4p each, partly in order to meet
the cost of income tax arising from the awards ceasing to be subject to
forfeiture.



Exercise of options



Ian Gascoigne also notified SJPC that he exercised options today under the J.
Rothschild Assurance Holdings plc First Employees Share Option Scheme over 9,188
ordinary 15p shares of SJPC at an exercise price of 1.71 pence per share.



With the exception of the changes notified in this announcement, the Directors'
interests in ordinary shares of SJPC are unchanged.




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