Holding in Company

St. James's Place Capital PLC
16 February 2001

SJPC was informed on 16 February 2001 that the interests of Lloyds TSB Group
and its subsidiaries in ordinary shares of SJPC have ceased to be a notifiable
interest for the purpose of s.198 of the Companies Act 1985 since its holding
represents less than 3% of the relevant share capital.