Nine Months Results

St. James's Place Capital PLC
27 October 2000

                                       
                                       
                 St. James's Place Group New Business Figures
                                       
                                       
St. James's Place Group, wholly owned by St. James's Place Capital plc, has
announced its new business figures for the nine months to 30 September 2000.

The text of the announcement is attached.


Enquiries:
==========

Mike Wilson, Chief Executive                 Tel: [phone]
Martin Moule, Finance Director               Tel: [phone]


Nitya Bolam
Brunswick                                    Tel: [phone]




                                       
                                       
                            ST. JAMES'S PLACE GROUP
                   ANNOUNCES OUTSTANDING THIRD QUARTER GROWTH
                             IN NEW BUSINESS OF 41%



*    Sales for the quarter grew by 41% compared with the corresponding
     quarter of 1999, resulting in growth for the nine months of 42%.

*    Highlights
                              
                                Quarter Ended         Nine Months Ended
                              30 September 2000       30 September 2000


    New Regular Premiums          14.0     +1%          42.4     +2%

    New Single Premiums          214.1     +59%        613.3     +56%

    New Unit Trust Premiums       72.7     +137%       273.5     +135%
    (includes PEPs and ISAs)

    Total New Business            42.7     +41%        131.1     +42%



*    Total Group funds under management increased by 19% since the beginning
     of the year to £5.5bn.




Mike Wilson, Group Chief Executive, commented:

'This outstanding growth in new business reflects primarily the increase  in
productivity per member of the St. James's Place Partnership. At a time when
new business from the industry is relatively flat, this underlines the great
advantage of controlling our own distribution.'

                                       
                                       
                                       
                                       
                            ST. JAMES'S PLACE GROUP
                                       
                             NEW BUSINESS FIGURES
                        FOR PERIOD TO 30 SEPTEMBER 2000
                                       
                                       
                                    Unaudited                  Unaudited      
 
                                   3 Months to                9 Months to
                                30 September 2000          30 September 2000
                                                                          
                                                                          
Total Group Business         2000   1999  Growth      2000    1999  Growth
====================
(Excluding International)
=========================
                              £'m    £'m       %       £'m     £'m       %
                                                                          
Life and Pension Business                                                 
                                                                       
New Regular Premiums                                                   
Life                          5.5    6.3    (13%)       16.6    17.8   (7%)
Pension                       8.5    7.5     13%        25.8    23.6    9%
                                                                       
                             14.0   13.8      1%        42.4    41.4    2%
                                                                       
                                                                       
New Single Premiums                                                    
Life                        183.7  115.8     59%       537.3   329.4   63%
Pension                      30.4   18.7     63%        76.0    64.0   19%
                                                                       
                            214.1  134.5     59%       613.3   393.4   56%
                                                                       
                                                                       
Unit Trust Business                                                    
(including PEPs and ISAs)                                              
                                                                       
New Single Premiums          72.7   30.7    137%       273.5   116.4  135%
                                                                       
Total New Business                                                     
Life                         23.9   17.9     34%        70.3    50.7   39%
Pension                      11.5    9.4     23%        33.4    30.0   11%
Unit Trust                    7.3    3.1    137%        27.4    11.6  135%
                                                                       
                             42.7   30.3     41%       131.1    92.4   42%
                                                                       
                                       
                                       
                                       
                                       
                                       
                            ST. JAMES'S PLACE GROUP
                                       
                             NEW BUSINESS FIGURES
                        FOR PERIOD TO 30 SEPTEMBER 2000
                                       

Notes to Editors
================


1.  

'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.

2.  

Sales from  the  Group's joint  venture  company  with  Securitas Capital in
Italy, which  commenced  business  during  the quarter, have  been  excluded  
from  the  reported figures.  For consistency, prior year numbers  have been  
restated to exclude business from the previous international distribution.

3.  

Group  new business therefore  comprises  new  business  from the  sole  UK
marketing   arm,   the   St.  James's   Place  Partnership,  together  with   
'miscellaneous distribution' of £0.5m from other sources.