Director/PDMR Shareholding

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

SJP was notified on 29 July 2008 of the following changes in SJP shares held by
the executive Directors and Persons Discharging Managerial Responsibility
("PDMRs") named below.

Exercise of Awards under the SJP Performance Share Plan 2005 ("PSP")

The Directors and PDMR's listed below exercised nil cost options under the PSP
on 29 July 2008 and acquired the number of SJP ordinary shares set out in column
1 of the table below.  The exercise of the nil cost options is following the
satisfaction of prescribed performance targets over a three year period.
Following the exercise, the Directors and PDMR's sold on 29 July 2008 at a price
of 197.09 pence per share, the number of SJP shares set out in column 2 of the
table below to meet the cost of the income tax, national insurance and dealing
costs payable on exercise of the awards.  The remaining SJP shares set out in
column 3 of the table below are to be retained by the said Directors and PDMR's.

                           1            2             3
Name of Director      Number of    Number of    Number of
                      shares       shares sold  shares
                      exercised    to meet tax  retained
                                   liability
David Bellamy         136,518      56,114       80,404
Andrew Croft          125,596      51,624       73,972
Ian Gascoigne         136,518      56,114       80,404
David Lamb            49,146       20,201       28,945
Mike Wilson           273,036      112,226      160,810

Name of PDMR          Number of    Number of    Number of
                      shares       shares sold  shares
                      exercised    to meet tax  retained
                                   liability
Adrian Batchelor      42,320       17,396       24,924
Hugh Gladman          40,955       16,835       24,120
Mike Gravestock       39,590       16,274       23,316
Sonia Gravestock      30,033       12,345       17,688
Bill Tonks            43,685       17,957       25,728


Exercise of share options under SJP Sharesave Share Option Scheme 2000 ("SAYE")

David Bellamy and Mike Wilson also notified SJP that they exercised and retained
22,812 shares each on 29 July 2008 under the SJP SAYE.  Options were granted on
1 May 2003 at an option price of 0.72 pence per share.

The interests of the Directors and PDMR's in ordinary shares of SJP after the
above transactions is:

Name of Director   Beneficial         Non-beneficial
                   Interest           Interest
David Bellamy      747,642            238,100
Andrew Croft       285,458            -
Ian Gascoigne      425,027            30,000
David Lamb         308,040            3,681
Mike Wilson        3,774,491          750,000

Name of PDMR       Beneficial         Non-beneficial
                   Interest           Interest
Adrian Batchelor   164,714            21,497
Hugh Gladman       213,108            -
Mike Gravestock    150,940            -
Sonia Gravestock   142,973            -
Bill Tonks         107,694            -

With  the exception of the changes notified in this announcement, the Directors'
interests in ordinary shares of SJP are unchanged.

This notification is made in accordance with Disclosure and Transparency Rule
3.1.4R(1)(a).

End