Scrip Dividend

St. James's Place PLC
01 September 2006




St. James's Place plc ('SJP plc')

Scrip dividend: interim dividend


SJP plc announces that pursuant to the scrip dividend mandate scheme that was
renewed at the Annual General Meeting held on 9 May 2006, the scrip dividend
alternative in respect of the interim dividend for the year ending 31 December
2006 was accepted in respect of 320,114,081 shares, representing approximately
70% of SJP plc's issued share capital on the interim dividend record date of 4
August 2006.    Application will shortly be made to the UK Listing Authority and
the London Stock Exchange for 1,481,061 additional ordinary shares of 15p each
to be admitted to the Official List and to trading.  It is expected that such
listing will become effective and that dealings in the additional shares will
commence on 18 September 2006.    The above shares will rank pari passu in all
respects with the existing issued ordinary shares in SJP plc.


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