3rd Quarter New Business

St. James's Place Capital PLC
19 October 2005



                                 PRESS RELEASE

                                                                 19 October 2005

                              NEW BUSINESS FIGURES
                              TO 30 SEPTEMBER 2005


St. James's Place Capital plc ('SJPC'), the wealth management group, today
announces its new business figures to 30 September 2005.

The text of the announcement is attached:

Enquiries:

Mark Lund, Chief Executive                     Tel: [phone]

Anita Scott, Brunswick                         Tel: [phone]
Margaret Dinan, Brunswick                      Tel: [phone]




                            ST. JAMES'S PLACE GROUP
                              NEW BUSINESS FIGURES
                              TO 30 SEPTEMBER 2005

                   NEW BUSINESS FOR FIRST NINE MONTHS UP 19%

                                       Nine months to                    Change
                                        30 September
                                            2005

   • Long Term Savings

     New Business*
        Investment                      £87.5 million                      +25%
        Pensions                        £50.8 million                      +22%
        Protection                      £17.7 million                       -7%

        Total                          £156.0 million                      +19%

     * see note 1

   • Wealth Management Services

     Gross fees generated               £17.8 million                      +29%

   • Funds under Management at £11.4 billion, up 20% since the start of the
     year and up 31% over the previous twelve months


    Mark Lund, Chief Executive, commented:

    'We are delighted to report growth in new business of 19% over the first
    nine months.

    'New business in the third quarter was up 29% driven by substantial growth
    in both single premium investment and pension business.

    'The growth in new business further demonstrates the success of our advice driven
    model, the quality and experience of our advisers - the St. James's Place Partnership
    and our distinctive approach to investment.'



                              ST. JAMES'S PLACE GROUP
                                NEW BUSINESS FIGURES
                                TO 30 SEPTEMBER 2005
                                 LONG TERM SAVINGS

                                Unaudited                               Unaudited
                               3 Months to                             9 Months to
                            30 September 2005                       30 September 2005

    NEW PREMIUMS    2005        2004        Change          2005        2004        Change
                     £'m         £'m             %           £'m         £'m             %
    New Regular
    Premiums
      Pensions*      7.2         8.2           (12%)        26.4        22.4            18%
      Protection     6.1         6.4            (5%)        17.7        19.0            (7%)

                    13.3        14.6            (9%)        44.1        41.4             7%

    New Single
    Premiums
      Investment   215.5       146.1            48%        592.5       485.7            22%
      Pensions      91.1        60.0            52%        243.5       192.9            26%

                   306.6       206.1            49%        836.0       678.6            23%

    Unit Trust
    Sales           81.9        53.3            54%        282.3       213.0            33%
    (including
    PEPs and ISAs)


                               Unaudited                                  Unaudited
                              3 Months to                                9 Months to
                           30 September 2005                          30 September 2005
    NEW              2005       2004        Change              2005        2004        Change
    BUSINESS
    (RP + 1/10th      £'m        £'m             %               £'m         £'m             %
    SP)

    Investment       29.8       20.0            49%             87.5        70.1            25%
    Pensions         16.3       14.2            15%             50.8        41.5            22%
    Protection        6.1        6.4            (5%)            17.7        19.0            (7%)
                     ------     ------       -------          -------      -------       -------
    Total            52.2       40.6            29%            156.0       130.6            19%
                     ------     ------       -------          -------      -------       -------

    * see Note 3 to the New Business figures



                              ST. JAMES'S PLACE GROUP
                                NEW BUSINESS FIGURES
                                TO 30 SEPTEMBER 2005

                                       Notes

    1.  New business from long term savings is calculated in accordance with the
        life assurance industry convention by adding together new regular
        premiums and one-tenth of single premiums and unit trust sales.

    2.  Sales of manufactured business on an APE basis for the nine months were
        82% of the total reported.

        Sales of stakeholder pensions by St. James's Place Partnership have been
        included in the reported figures under Pensions. These amount to £12.5
        million new regular premiums (2004: £12.5 million) and £17.3 million
        single premiums (2004: £18.7 million) for the nine months to 30 September 2005. 
        This equates to £14.2 million new business premiums (2004: £14.4 million).

        Sales of annuities by St. James's Place Partnership have been included
        for the first time in the reported figures under Pensions. These amount
        to £23.7 million single premiums for the nine months to 30 September
        2005 and equate to £2.4 million new business premiums. The equivalent
        figure for the 2004 sales of annuities was £16.0 million single premiums
        (£1.6 million new business premiums).

        Sales of protection business through a panel of providers have been
        included in the reported figures under New Regular Premiums Protection.
        These amount to £11.0 million of new regular premiums (2004: £11.1
        million) for the nine months to 30 September 2005. This equates to £11.0
        million new business premiums (2004: £11.1 million).

    3.  The comparative figures for pensions regular premiums include £0.2
        million of investment regular premiums.








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