Holding(s) in Company

St. James's Place Capital PLC
03 August 2004

St. James's Place Capital plc ('SJPC') was informed on 2 August 2004 that,
following an increase in the issued share capital of SJPC as a result of the
exercise of share options, HBOS plc has an interest in 261,717,659 ordinary
shares of 15p each (representing 60.004% 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         260,121,673
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              18
Dexia BL 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                            261,717,659         60.004%
(of which 261,526,691 (59.96%) is material)


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