Directors' Notification of Dealing in Shares

St. James's Place Capital PLC
27 June 2000


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

Mr David Bellamy, a director of SJPC, notified the Company on 26 June 2000
that on 26 June 2000 he exercised options over 358,750 ordinary 15p shares of
SJPC at an exercise price of 0.57p per share.

Mr Bellamy's interests in ordinary shares of SJPC after this transaction are:

Beneficial:                            379,975              
Non-beneficial:                        238,100

Mr Bellamy's interests in options to subscribe for ordinary shares in SJPC
after this transaction are:

Description         Date of    Period         Consideration     Exercise price
and Number          grant      exercisable    for grant
of securities              

Option to subscribe 
for 26,250 ordinary            20.10.00
shares of 15p each  20.10.93   to 21.10.03        £10          0.57p per share
                               
Option to subscribe 
for 20,902 ordinary            13.07.02 
shares of 15p each  13.07.97   to 13.07.07        nil         £1.33 per share
                               
Option to subscribe 
for 118,032 ordinary           13.07.03
shares of 15p each  13.07.97   to 13.07.07        nil         £1.33 per share
                          
Option to subscribe 
for 118,032 ordinary           13.07.04 
shares of 15p each  13.07.97   to 13.07.07        nil         £1.33 per share
                                
Option to subscribe 
for 118,034 ordinary           13.07.05
shares of 15p each  13.07.97   to 13.07.07        nil         £1.33 per share
                                
Option to subscribe 
for 16,121 ordinary            01.09.02
shares of 15p each  11.08.97   to 01.03.03        nil         £1.07 per share