Scrip Dividend

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 30 April 2008, the scrip dividend
alternative  in respect of the interim dividend for the year ending 31  December
2008  was  accepted  in respect of 6,414,770 shares, representing  approximately
1.34% of SJP plc's issued share capital on the interim dividend record date of 8
August  2008.  Application will shortly be made to the UK Listing Authority  and
the  London Stock Exchange for 50,982 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 17 September 2008.  The above shares will rank pari passu in all
respects with the existing issued ordinary shares in SJP plc.

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