Holding(s) in Company

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

TR1 : NOTIFICATION OF MAJOR INTEREST IN SHARES

1.  Identity of the issuer or the underlying issuer of existing shares to which voting rights
    are attached:  St. James's Place plc

2.  Reason for the notification:

    Other - Disclosure of holdings following increase in share capital

3.  Full name of person(s) subject to the notification obligation:              Lloyds Banking Group plc
4.  Full name of shareholder(s) (if different from 3):                          See section 9
5.  Date of the transaction and date on which the threshold is crossed or
    reached:                                                                    15 October 2009
6.  Date on which issuer notified:                                              19 October 2009
7.  Threshold(s) that is/are crossed or reached:                                Direct/indirect decrease
                                                                                to below 60%
                                                                                (Direct remains above 59%)

8.  Notified details:
A: Voting rights attached to shares

Class/             Situation previous to        Resulting situation after the
type of shares     the triggering transaction   triggering transaction

if possible using  Number of     Number of      Number of    Number of              % of
the ISIN CODE      Shares        Voting Rights  Shares       voting rights          voting rights
                                                Direct       Direct       Indirect  Direct  Indirect

Ord 15p shares     288,670,108   288,670,108    287,424,345  287,242,345  1,216,713 59.72%  0.253%

Number of voting rights                   Percentage of voting rights
288,641,058                               59.973%

9.  Chain of controlled undertakings through which the voting rights and/or the financial instruments are
    effectively held, if applicable:

    286,418,796 shares (59.512%) are under the control of HBOS Insurance & Investment Group Limited, a
    wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds Banking Group plc
    (Direct interests)

10.  Name of the proxy holder:  N/A

11.  Numbe rof voting rights proxy holder will cease to hold:  N/A

12.  Date on which proxy holder will ease to hold voting rights:  N/A

13.  Addtional information:
     Notification using the Total Voting Rights figure of 481,282,925

14.  Contact name:
     Matt Armitage

15.  Contact telephone number:
     01285 878158


20 October 2009

End