Change of Auditor

St. James's Place plc (the "Company")

CHANGE OF AUDITOR

St James's Place ("SJP") announces that the Board has appointed PricewaterhouseCoopers LLP ("PwC") as auditors of the
Company.

Lloyds Banking Group ("LBG") acquired HBOS plc in January 2009 and at the same time acquired 60% of the share capital in
SJP.  In view of this, the Board has taken the decision to change auditors from KPMG LLP to PwC to harmonise the audit
arrangements with LBG.

Section 520 (2) of the Companies Act 2006 requires that we notify each shareholder of the change by enclosing a copy of
the statement of circumstances from KPMG.  The statement has been sent to shareholders today with a covering letter from
the Company.

The statement of circumstances and covering letter from the Company will shortly be available for inspection at the UK
Listing Authority's Document Viewing Facility which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Tel: [phone]

Both of the above documents are available to download on the Company's website at http://investor.sjp.co.uk/

Enquiries:

Matt Armitage
Deputy Company Secretary
St James's Place plc
T: [phone]

20 October 2009

End