J. Rothschild Ptnrshp 3rd Qtr New Business Figures

St. James's Place Capital PLC
11 November 1999

                                                                          
J. ROTHSCHILD ASSURANCE GROUP ANNOUNCES                                       
THIRD QUARTER NEW BUSINESS FROM                                               
THE J. ROTHSCHILD PARTNERSHIP UP 22%                                          
                                   
                                       
* Sales  through  the  Group's sole UK marketing arm,  The  J.  Rothschild
  Partnership rose 22% during the three months ended 30 September 1999.


  New Regular Premiums                        
  Life                             £6.3m      +26%
  Pension                          £7.5m      +14%
  Total                            £13.8m     +19%

  New Single Premiums                         
  Life                             £115.1m    +28%
  Pension                          £18.7m     +15%
  Total                            £133.8m    +26%

  New Unit Trust Premiums          £30.7m     +18%
  (includes PEPs and ISAs)                    

  Total New Business               £30.3m     +22%


* Year to date total new business for The J. Rothschild Partnership is up 14%.


* Total Group funds under management were £3.7 bn an increase of 18% since the
     beginning of the year.



Mike Wilson, Group Chief Executive, commented:

'We are delighted with the 22% increase in new business from The J. Rothschild
Partnership  particularly  since there was strong growth  in  all  classes  of
business.'
                              
                                       
                                     
J. ROTHSCHILD ASSURANCE GROUP                                                 
NEW BUSINESS FIGURES                                                          
FOR PERIOD TO 30 SEPTEMBER 1999                                               
                                                                              
ANALYSIS OF BUSINESS BY DISTRIBUTION CHANNEL                                  
                                       
                                       
                                       
                                    Unaudited               Unaudited        
                                   3 Months to             9 months to
                                30 September 1999       30 September 1999
                                                                             
                                                                             
The J. Rothschild               1999   1998  Growth     1999     1998  Growth
Partnership
                                 £'m    £'m       %      £'m      £'m       %
Life and Pension Business                                                    
                                                                             
New Regular Premiums                                                         
Life                             6.3    5.0     26%     17.7     14.6     21%
Pension                          7.5    6.6     14%     23.6     23.6      0%
                                                                             
                                13.8   11.6     19%     41.3     38.2      8%
                                                                             
New Single Premiums                                                          
Life                           115.1   89.6     28%    328.2    273.0     20%
Pension                         18.7   16.2     15%     64.0     56.4     13%
                                                                             
                               133.8  105.8     26%    392.2    329.4     19%
                                                                             
                                                                             
Unit Trust Business                                                          
(including PEPs and ISAs)
                                                                             
                                                                             
New Single Premiums             30.7   26.0     18%    115.7     98.7     17%

Total New Business from
The J. Rothschild Partnership   30.3   24.8     22%     92.1     81.0     14%
                                                                             
International                    0.3    0.9    (67%)     1.4      2.5    (44%)
Distribution
                                                                             
Miscellaneous                    0.2    0.1    100%      0.4      1.1    (64%)
Distribution
                                                                             
           

                                                                            
J. ROTHSCHILD ASSURANCE GROUP                                                 
NEW BUSINESS FIGURES                                                          
FOR PERIOD TO 30 SEPTEMBER 1999                                               

                              
                                       
                                Unaudited                   Unaudited      
                               3 Months to                 9 months to
                            30 September 1999           30 September 1999
                                                                            
                                                                            
Total Group Business       1999     1998   Growth       1999    1998  Growth
                            £'m      £'m        %        £'m     £'m       %
Life and Pension                                                            
Business
                                                                            
New Regular Premiums                                                        
Life                        6.7      5.8      16%       19.2    16.9     14%
Pension                     7.5      6.6      14%       23.6    23.6      0%
                                                                            
                           14.2     12.4      15%       42.8    40.5      6%
                                                                            
New Single Premiums                                                         
Life                      116.0     91.9      26%      330.2   278.0     19%
Pension                    18.7     16.2      15%       64.0    56.4     13%
                                                                            
                          134.7    108.1      25%      394.2   334.4     18%
                                                                            
                                                                            
Unit Trust Business                                                         
(including PEPs and ISAs)

                                                                            
New Single Premiums        30.8     26.3      17%      116.5   106.8      9%
                                                                            
Total New Business                                                          
                                                                            
Life                       18.3     15.0      22%       52.2    44.7     17%
Pension                     9.4      8.2      14%       30.0    29.2      3%
Unit Trust                  3.1      2.6      17%       11.7    10.7      9%
                                                                            
                           30.8     25.8      19%       93.9    84.6     11%
     

                                                                              
J. ROTHSCHILD ASSURANCE GROUP                                                 
NEW BUSINESS FIGURES                                                          
FOR PERIOD TO 30 SEPTEMBER 1999                                               
                                    
                                       
Notes to Editors
================

1.  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.

2.  '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.

3.  'International distribution' last year  represented less than  3% of total
    Group  Premiums.  During the current year J. Rothschild International  has
    withdrawn from certain territories.  This  is  ahead of  a relaunch  under
      Paul Bradshaw concentrating on Europe.

4.  'Miscellaneous distribution' represents  business which comes to the group
    from sources other than the J. Rothschild Partnership or its international
    business.