Director Shareholding

St. James's Place Capital PLC
17 May 2005


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


SJPC was notified on 17 May 2005 of the following changes in interests in
ordinary shares of 15p in SJPC held by the executive Directors named below.

Following approval of The SJPC 2005 Performance Share Plan (the 'Plan') by
shareholders at the Annual General Meeting held on 12 May 2005, the executive
Directors named below were granted nil cost options under the Plan on 17 May
2005, as follows:

Name of Director              Maximum number of SJPC shares subject to award

David Bellamy                 170,648
Andrew Croft                  156,996
Ian Gascoigne                 170,648
Mark Lund                     259,385
Mike Wilson                   341,296


The awards entitle participants to acquire up to a maximum amount of SJPC
shares.  The actual amount of SJPC shares which may be acquired on vesting of an
award is dependent upon the achievement of prescribed performance targets over a
three year performance period.   Two thirds of an award will be dependent on
growth in adjusted earnings per share and one third on total shareholder return.
Further details of the performance conditions are set out in the SJPC 2004
Report & Accounts.

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


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