Fourth Quarter New Business

St. James's Place PLC
24 January 2008


                                 PRESS RELEASE
                                                                 24 JANUARY 2008


                      ST. JAMES'S PLACE WEALTH MANAGEMENT

                         NEW BUSINESS FIGURES FOR 2007

                         New Business up 23% with total
                       single investments of £3.4 billion


St. James's Place plc ('SJP'), the wealth management group, today announces its
new business figures for the year 2007.

The Headlines for 2007 are:

  • New Business up 23%

  • New Single Investments of £2.4bn up 27%

  • New Pensions Single Investments of £1bn up 33%

  • Funds under Management at £18.2bn up 18%

  • Partnership numbers at 1,251 up 8%

Mike Wilson, Chairman, commented:

'We are delighted with the continued growth in new business which was up 23% for
the full year despite challenging market conditions.  A particular highlight was
total new single investments of £3.4bn, up 28%.

'The size of the St. James's Place Partnership grew by 8% during 2007 to 1,251,
the highest growth since 1999.

'Despite continued market uncertainty there remains a growing demand for advice
and we are very well positioned to capitalise on this.  We believe that the
strength, quality and the increase in size of our team of advisers, the St.
James's Place Partnership, gives us a major competitive advantage in the UK
wealth management market.

'Our longer term growth target for new business remains 15-20% per annum.'

The detail of the announcement is attached:

Enquiries:
Mike Wilson, Chairman                             Tel: [phone]

Brunswick                                         Tel: [phone]
        Margaret Dinan
        Anita Scott



                      ST. JAMES'S PLACE WEALTH MANAGEMENT
                              NEW BUSINESS FIGURES
                              TO 31 DECEMBER 2007
                                  NEW BUSINESS


                                               Unaudited                                        Unaudited
                                              3 Months to                                      12 Months to
                                            31 December 2007                                 31 December 2007

NEW PREMIUMS
                                    2007          2006        Change                2007           2006         Change
                                     £'m           £'m             %                 £'m            £'m              %
New Regular
Premiums
     Pensions                       20.6          17.5           18%                72.8           65.3            11%
     Protection                      5.7           5.8           (2%)               20.3           22.5           (10%)

                                    26.3          23.3           13%                93.1           87.8             6%

New Single

Premiums
     Investment                    445.7         392.5           14%             1,665.4        1,320.2            26%
     Pensions                      276.7         286.3           (3%)              995.1          748.1            33%

                                   722.4         678.8             6%            2,660.5        2,068.3            29%
Unit Trust Sales
(including PEPs and ISAs)          146.8         119.6           23%               694.6          544.9            27%


                                               Unaudited                                        Unaudited
                                              3 Months to                                      12 Months to
                                           31 December 2007                                  31 December 2007

NEW BUSINESS
(RP + 1/10th SP)                   2007          2006         Change                2007           2006         Change
                                    £'m           £'m              %                 £'m            £'m              %

Investment                         59.2          51.2            16%               236.0          186.5            27%
Pensions                           48.3          46.1             5%               172.3          140.1            23%
Protection                          5.7           5.8            (2%)               20.3           22.5           (10%)

Total                             113.2         103.1            10%               428.6          349.1            23%



                      ST. JAMES'S PLACE WEALTH MANAGEMENT
                              NEW BUSINESS FIGURES
                              TO 31 DECEMBER 2007

                                     Notes





                      ST. JAMES'S PLACE WEALTH MANAGEMENT

                              NEW BUSINESS FIGURES

                              TO 31 DECEMBER 2007


                                     Notes

 1.  New business is calculated in accordance with the standard industry measure
     of adding together new regular premiums and one-tenth of single premiums
     and unit trust sales ('APE').

 2.  Sales of manufactured business on an APE basis for the twelve months were
     87% of the total reported (2006: 87%).

     Sales of non-manufactured pensions including stakeholder by St. James's
     Place Partnership have been included in the reported figures under
     Pensions. These amount to £20.6 million regular premiums (2006: £16.8
     million) and £27.4 million single premiums (2006: £46.2 million) for the
     twelve months to 31 December 2007. This equates to £23.3 million new
     business premiums (2006: £21.4 million).

     Sales of annuities by St. James's Place Partnership have been included in
     the reported figures under Pensions. These amount to £79.9 million single
     premiums (2006: £50.3 million) for the twelve months to 31 December 2007
     and equate to £8.0 million new business premiums (2006: £5.0 million).

     Sales of protection business by St. James's Place Partnership through a
     panel of providers have been included in the reported figures under New
     Regular Premiums Protection. These amount to £11.7 million of new regular
     premiums (2006: £14.1 million) for the twelve months to 31 December 2007.
     This equates to £11.7 million new business premiums (2006: £14.1 million).

     Sales of non-manufactured single premium investment business amounting to
     £113.6 million (2006: £47.5 million) have been included in the figures
     under investments for the twelve months to 31 December 2007. This equates
     to £11.4 million new business premiums (2006: £4.8 million).

 3.  Gross fees generated from other wealth management services amounted to
     £33.2 million for the twelve months to 31 December 2007 (2006: £35.7
     million).



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