Holding(s) in Company

St. James's Place Capital PLC
15 September 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 interim dividend for the year ending 31 December 2004
under the scrip dividend scheme, HBOS plc has an interest in 263,520,053
ordinary shares of 15p each (representing 60.151% 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         261,924,067
Chase Nominees a/c CMIG                             IPFGW           7,000
Chase Nominees Limited a/c CMIG MAIN                 WP            900,000
Dexia BIL Bank, Luxembourg                          UKTRA0           5,900
HSBC Global Custody Nominee (UK) Limited            SJPUTT           2,522
HSBC Global Custody Nominee (UK) Limited            EQSTR          172,600
HSDL Nominees Limited                                N/A              18
Nortrust Nominees Limited a/c HLIFE                 HPFO            14,000
Nortrust Nominees Limited a/c HLIFE                 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   263,520,053  60.151%
(of which 263,329,085 (60.11%) is material)


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