Holding(s) in Company

St. James's Place Capital PLC
19 May 2004

St. James's Place Capital ('SJPC') was today informed that, following the
allotment to HBOS plc of additional ordinary shares of 15p each in lieu of a
cash dividend for the final dividend for the year ending 31 December 2003 under
the scrip dividend scheme, HBOS plc has an interest in 261,845,178 ordinary
shares of 15p each (representing 60.169% of SJPC's issued share capital).



The shares are registered as follows:




Registered name                                                     Fund             Shares held


HBOS Insurance and Investment Group Limited                              N/A         259,736,673
Chase Nominees a/c CMIG                                                 IPFGW           7,000
Chase Nominees Limited                                                   WP            900,000
HSBC Global Custody Nominee (UK) Limited                               SJPUTT           2,522
HSBC Global Custody Nominee (UK) Limited                                EQSTR          172,600
HSDL Nominees Limited                                                    N/A           512,520
HSDL Nominees Limited                                                    N/A              17
JP Morgan Chase Bank, Luxembourg                                       UKTRA0           5,900
Nortrust Nominees Limited                                               HPFO            14,000
Nortrust Nominees Limited                                               HLFO           491,000
State Street Nominees Limited A/C FE1F                                  FE1F            2,702
State Street Nominees Limited A/C FE1G                                  FE1G             244


Aggregate material and non-material holding of HBOS group                            261,845,178         60.169%

(of which 261,141,690 (60.007%) is material)




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