Directorate Change

St. James's Place PLC
05 January 2007



                       BOARD CHANGE AT ST. JAMES'S PLACE


St. James's Place plc ('SJP'), the wealth management group, and Mark Lund (Chief
Executive) have jointly agreed that Mark will today step down as Chief Executive
and will be leaving the Group to seek a fresh challenge.


Mike Wilson (Chairman) said,


'The Board would like to thank Mark Lund for his significant contribution and
commitment since joining the Group three years ago and becoming Chief Executive
in September 2004.


During this time St. James's Place has grown new business and profits
substantially.  The St. James's Place Partnership is well positioned to continue
to capitalise on the opportunities in the fast expanding wealth management
market.


We wish Mark continued success in the future.'


The search for a new Chief Executive will start shortly.  In the meantime David
Bellamy, who has been the Group Managing Director over the last five years, will
take over responsibility for the day to day running of St. James's Place
supported by Andrew Croft (Group Finance Director) and Ian Gascoigne (Group
Sales Director).



The Board has every confidence that this senior and experienced executive team
will continue to drive the business forward until the new Chief Executive is
appointed.



Mark Lund (Chief Executive) said,



'The last three years have been outstanding for the Group and I am delighted to
have been part of this.  I wish everyone at St. James's Place a very successful
future.'



The Group confirms that growth in new business continued in the fourth quarter
and that new business is in line with market expectations.  The Group's new
business results will be announced on 25th January, 2007.



Enquiries:

Mike Wilson, Chairman, St James's Place         Tel: [phone]
Anita Scott, Brunswick                          Tel: [phone]


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