Further re Disposal

St. James's Place Capital PLC
24 August 2004

St. James's Place Capital plc (SJPC) announces completion of the disposal of
Life Assurance Holding Corporation Limited to Swiss Re.


Further to the announcement on 1 July 2004, SJPC announces that, following
receipt of regulatory approvals, completion took place today of the sale of
SJPC's entire shareholding in Life Assurance Holding Corporation Limited to
Swiss Re.


Enquiries:          Andrew Croft, Group Finance Director (01285 640302)


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