J.Rothschild Assurance Group New Business Figures

St. James's Place Capital PLC 5 May 2000 J. Rothschild Assurance Group New Business Figures J.Rothschild Assurance Group,wholly owned by St. James's Place Capital plc, has announced its new business figures for the three months to 31 March 2000. The text of the announcement is attached. Enquiries: Mike Wilson, Chief Executive Tel: 0207 493 8111 Martin Moule, Finance Director J. Rothschild Assurance Group Nitya Bolam / Cordelia Hime Tel: 0207 404 5959 Brunswick J. ROTHSCHILD ASSURANCE GROUP ANNOUNCES FIRST QUARTER NEW BUSINESS FROM THE J. ROTHSCHILD PARTNERSHIP UP 43% * Sales through the Group's sole UK marketing arm, The J. Rothschild Partnership rose 43% during the three months ended 31 March 2000. New Regular Premiums Life £4.9m +1% Pension £8.1m +17% Total £13.0m +10% New Single Premiums Life £175.0m +62% Pension £25.3m +28% Total £200.3m +56% New Unit Trust Premiums £90.8m +86% (includes PEPs and ISAs) Total New Business £42.1m +43% * Total Group funds under management were £5.1bn an increase of 10% since the beginning of the year. Mike Wilson, Group Chief Executive, commented: 'We are delighted with these results, which follow a 25% increase in new business during the second half of last year. Productivity per Partner increased substantially during the quarter.' J. ROTHSCHILD ASSURANCE GROUP NEW BUSINESS FIGURES FOR PERIOD TO 31 MARCH 2000 ANALYSIS OF BUSINESS BY DISTRIBUTION CHANNEL ============================================ Unaudited 3 Months to 31 March 2000 The J. Rothschild Partnership 2000 1999 Growth Note ============================= £'m £'m £'m Life and Pension Business New Regular Premiums 4.9 4.9 1% Life 8.1 6.9 17% Pension 13.0 11.8 10% New Single Premiums Life 175.0 108.3 62% Pension 25.3 19.8 28% 200.3 128.1 56% Unit Trust Business (including PEPs and ISAs) New Single Premiums 90.8 48.7 86% Total New Business from The J. Rothschild Partnership 42.1 29.5 43% International Distribution 0.0 0.5 (100%) 1. ========================== Miscellaneous Distribution 0.2 0.2 0% ========================== J. ROTHSCHILD ASSURANCE GROUP NEW BUSINESS FIGURES FOR PERIOD TO 31 MARCH 2000 Unaudited 3 Months to 31 March 2000 Total Group Business 2000 1999 Growth Note ==================== £'m £'m £'m Life and Pension Business New Regular Premiums Life 5.0 5.5 (9%) Pension 8.1 6.9 17% 13.1 12.4 6% New Single Premiums Life 175.4 109.0 61% Pension 25.3 19.8 28% 200.7 128.8 56% Unit Trust Business (including PEPs and ISAs) New Single Premiums 91.9 49.4 86% Total New Business 22.5 16.4 37% Life 10.6 8.9 19% Pension 9.2 4.9 88% Unit Trust 42.3 30.2 40% J. ROTHSCHILD ASSURANCE GROUP NEW BUSINESS FIGURES FOR PERIOD TO 31 MARCH 2000 Notes St.James's Place Capital plc, which is listed on the London Stock Exchange, is the ultimate holding company of the companies comprising the J. Rothschild Assurance Group. 1. 'International distribution', having been discontinued during 1999 after Paul Bradshaw was appointed Chief Executive, is in the course of being relaunched in Italy. 2. 'Miscellaneous distribution' represents business which comes to the group from sources other than The J. Rothschild Partnership or its international distribution. 3. 'Total New Business' is calculated following the convention in the life assurance industry, by adding together new regular premiums and one-tenth of single premiums.

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