(STJ.L) St James's Place PLC Buy/Sell

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

SJP was notified on 10 March 2010 of the following changes in SJP shares held by the executive Directors and Persons Discharging Managerial Responsibility ("PDMRs") named below.

Award of SJP shares under the SJP Deferred Bonus Scheme ("DBS") On 10 March 2010, SJP awarded the following SJP ordinary 15p shares under the DBS to the executive Directors and PDMRs set out in the table below.

Under the DBS rules, the shares are held by an employee benefit trust (SG Hambros Trust Company (Channel Islands) Limited) on behalf of the executive Directors and PDMRs for a three year restricted period which will end on 10 March 2013. Until that date, the shares are subject to forfeiture, for example if the executive Director or PDMR leaves SJP.

Name of Director Number of SJP
ordinary 15p
shares awarded
under the DBS
David Bellamy 89,990
Andrew Croft 67,757
Ian Gascoigne 67,757
David Lamb 59,287

Name of PDMR Number of SJP
ordinary 15p
shares awarded
under the DBS
Adrian Batchelor 32,723
Mike Blunt 26,179
Tony Dunk 32,098
Hugh Gladman 32,723
Mike Gravestock 31,328
Sonia Gravestock 28,296
Bill Tonks 35,370

The executive Directors and PDMRs interests in ordinary shares of SJP after the above transactions are as follows:

Name of executive Director Beneficial Non-beneficial
David Bellamy 232,578 909,450
Andrew Croft 415,997 -
Ian Gascoigne 550,450 30,000
David Lamb 389,600 3,681

Name of PDMR
Adrian Batchelor 203,266 21,497
Mike Blunt 128,998 -
Tony Dunk 373,637 9,768
Hugh Gladman 236,651 -
Mike Gravestock 176,346 -
Sonia Gravestock 177,798 -
Bill Tonks 142,169 14,130

With the exception of the changes notified in this announcement, the executive Directors and PDMRs shareholdings in SJP are unchanged. This notification is made in accordance with Disclosure and Transparency Rule 3.1.4R(1)(a).

Matt Armitage Deputy Company Secretary St. James's Place plc Tel: +44 (0)1285 878158

End

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

SJP was notified on 8 March 2010 of the following changes in SJP shares held by the executive Directors and Persons Discharging Managerial Responsibility ("PDMR") named below.

Exercise of share options held under the SJP Executive Share Option Scheme 2000 (Approved and Unapproved) ("ESOS") On 5 March 2010, the executive Director and PDMRs named below exercised the following options under the ESOS with an exercise price of 145 pence per share and subsequently sold the number of SJP ordinary 15p shares set out in column 2 to meet tax liabilities at a price of 255 pence per share and retained the number of ordinary shares set out in column 4 of the table below. In addition, they all sold the number of SJP ordinary 15p shares set out in column 3 on 8 March 2010 at 255 pence per share, to meet the exercise costs. Mike Blunt sold the balance of his shares at the same time and for the same price.

Name of Number of share Number of SJP Number of SJP Number of SJP
Director options exercised ordinary 15p ordinary 15p ordinary
shares sold to shares sold 15p shares
meet tax liability retained
Andrew Croft 30,000 Unapproved 5,385 17,059 7,556

Name of Number of share Number of SJP Number of SJP Number of SJP
PDMR options exercised ordinary 15p ordinary 15p ordinary
shares sold to shares sold 15p shares
meet tax liability retained
Mike Blunt 15,000 Unapproved 2,706 12,294 Nil
Sonia Gravestock 10,266 Approved Nil 5,859 4,407
Sonia Gravestock 7,234 Unapproved 1,299 4,114 1,821

Share Transfer On 5 March 2010, David Bellamy transferred 158,875 ordinary 15p shares in SJP to his wife for nil consideration.

Award of SJP shares under the SJP Performance Share Plan ("PSP")/SJP Executive Share Option Scheme 2000 - Approved ("Approved Scheme") On 8 March 2010 the following executive Directors and PDMRs were granted nil cost options under the terms of the annual PSP grant, delivered in conjunction with the Approved Scheme:

Name of Maximum number
Director of SJP ordinary
15p shares
subject to award
David Bellamy 316,666
Andrew Croft 219,607
Ian Gascoigne 219,607
David Lamb 219,607
Mike Wilson 216,176

Name of PDMR Maximum number
of SJP ordinary
15p shares
subject to award
Adrian Batchelor 50,000
Mike Blunt 47,058
Tony Dunk 45,588
Hugh Gladman 50,000
Mike Gravestock 48,529
Sonia Gravestock 41,176
Bill Tonks 51,470

The awards entitle participants to acquire up to a maximum amount of SJP ordinary 15p shares. The actual amount of SJP shares that may be acquired on vesting of an award is dependent on the achievement of prescribed performance targets over a three-year period that commenced on 1 January 2010 and will end on 31 December 2012. Two thirds of an award will be dependent on growth in adjusted earnings per share and one third on total shareholder return. Further details of the performance conditions are set out in the SJP Report & Accounts.

Maturity of shares under the SJP Deferred Bonus Scheme ("DBS") As previously notified the trustees of SJPs Deferred Bonus Scheme transferred shares to the executive Directors and PDMRs named below on 8 March 2007 relating to bonuses earned in respect of the 2006 financial year. The cash bonuses were invested in SJP shares and held in trust subject to forfeiture for a period of three years. On 8 March 2010 the shares became no longer subject to forfeiture and income tax and National Insurance liabilities became payable. In order to settle the tax liability, the directors and PDMRs sold the number of shares set out in column 2 of the table below on 8 March 2010 at a price of 256.28 pence per share. In addition, Mike Blunt, Sonia Gravestock and Mike Gravestock sold the balance of their shares at the same price and on the same day, as set out in column 3. Tony Dunk self funded the tax liability and retained the award of shares in full. The number of shares retained by each Director and PDMR following the transaction is detailed in column 4.

Name of Number of SJP Number of SJP Number of Number of SJP
Director ordinary 15p ordinary 15p additional SJP ordinary
shares no longer shares sold to ordinary 15p 15p shares
Subject to meet tax liability shares sold retained
forfeiture
David Bellamy 35,814 14,721 Nil 21,093
Andrew Croft 33,000 13,565 Nil 19,435
Ian Gascoigne 35,814 14,721 Nil 21,093
David Lamb 23,023 9,464 Nil 13,559

Name of Number of SJP Number of SJP Number of Number of SJP
PDMR ordinary 15p ordinary additional SJP ordinary
Shares no longer shares sold to ordinary shares
Subject to meet tax liability shares sold retained
forfeiture
Adrian Batchelor 20,465 8,413 Nil 12,052
Mike Blunt 15,242 6,288 8,954 Nil
Tony Dunk 11,980 Nil Nil 11,980
Hugh Gladman 19,186 7,887 Nil 11,299
Mike Gravestock 18,546 7,651 10,895 Nil
Sonia Gravestock 16,628 6,860 9,768 Nil
Bill Tonks 20,465 8,413 Nil 12,052

Lapse of share awards under the SJP Performance Share Plan ("PSP") The following awards made in March 2007 under the PSP long term incentive scheme to the executive Directors and PDMR listed below, have lapsed in full due to the performance conditions not being satisfied.

Name of Number of SJP shares over
Director which the PSP award has lapsed

David Bellamy 154,842
Andrew Croft 114,566
Ian Gascoigne 114,566
David Lamb 43,644
Mike Wilson 190,943

Name of PDMR Number of SJP shares over
which the PSP award has lapsed

Adrian Batchelor 27,823
Mike Blunt 22,913
Tony Dunk 10,842
Hugh Gladman 25,777
Mike Gravestock 24,549
Sonia Gravestock 22,094
Bill Tonks 28,641

The executive Directors and PDMRs interests in ordinary shares of SJP after the above transactions are as follows:

Name of executive Director Beneficial Non-beneficial
David Bellamy 142,588 909,450
Andrew Croft 348,240 -
Ian Gascoigne 482,693 30,000
David Lamb 330,313 3,681
Mike Wilson 3,888,361 750,000

Name of PDMR
Adrian Batchelor 170,543 21,497
Mike Blunt 102,819 -
Tony Dunk 341,539 9,768
Hugh Gladman 203,928 -
Mike Gravestock 145,018 -
Sonia Gravestock 149,502 -
Bill Tonks 106,799 14,130

With the exception of the changes notified in this announcement, the executive Directors and PDMRs shareholdings in SJP are unchanged. This notification is made in accordance with Disclosure and Transparency Rule 3.1.4R(1)(a).

Matt Armitage Deputy Company Secretary St. James's Place plc Tel: +44 (0)1285 878158

8 March 2010

End

St. James's Place plc (the "Company") - Voting Rights and Capital In conformity with the Disclosure and Transparency Rules, the Company's issued share capital consists of 482,593,952 ordinary 15p shares with voting rights. The Company holds nil ordinary 15p shares in Treasury. Therefore, the total number of voting rights in St. James's Place plc is 482,593,952.

The above figure (482,593,952 ordinary 15p shares) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules. 1 March 2010

End

By Joel Dimmock

LONDON, Feb 24 (Reuters) - The outlook for wealth managers in the UK is deeply uncertain in the face of an upcoming general election, low interest rates, and increased regulation, St James's Place and Rathbone Brothers said on Wednesday.
While St James's Place's combination of life assurance and wealth management helped it deliver a rise in operating profit which was at the top end of market estimates, rival Rathbone reported profits last year fell 30 percent after income from client deposits suffered.
For 2010, the UK general election, a low interest rate environment, new UK rules to govern sales of investment products and a lack of clarity on tax made the year tough to call for both groups.
The tone at St James's Place, which is 60-percent owned by Lloyds Banking Group, was cautiously upbeat after operating earnings on an embedded value basis in 2009 rose to 229 million pounds ($353.3 million) from 204 million in 2008. The group also raised its final dividend by 4 percent.
"The current economic climate remains uncertain, and the recovery is fragile, but we begin 2010 with a little more optimism and confidence than last year," Chief Executive David Bellamy said in a statement.
"We are fairly optimistic we will deliver growth this year," he later told Reuters, highlighting 9 percent growth in the firm's distribution network as ground for optimism.
By 1113 GMT, St James's Place shares were down 1.7 percent at 255.6 pence, having risen from a year's low of 228 pence over the past two weeks. Rathbone's shares were down 0.5 percent at 818.5 pence.

Meanwhile Bellamy urged for a quick end to the continued speculation about when and how Lloyds will sell its stake, even if he played down the impact on clients.
"Of course resolving these issues is in everyone's interest," he told Reuters.
Analysts expect Lloyds to sell the stake, considered non-core, most likely via a share placing in the next two years as banks seek to boost balance sheets.

Rathbone reported profit before tax from continuing operations fell 30 percent to 29.5 million pounds in 2009, affected by low interest income on deposits and Chief Executive Andy Pomfret predicted "volatile and unpredictable" markets in 2010 and a tough regulatory environment.
"The burden of regulation is increasing and we are very much aware that we may face additional regulations that are aimed at much larger banks," he said in a statement.
Pomret is discounting a notable boost from higher interest rates until next year. He also expects benefits from the acquisition of a group of clients from Lloyds in Scotland, though not before 2011.
Rathbones has seen 65 percent of clients stay on after the deal -- or 500 million pounds in assets -- but a fee holiday to keep them on board lapses later this year.
He said he was open to other deals, albeit on a smaller scale. "They are hugely opportunistic these things. (But) are we looking to do other deals? Absolutely," he told Reuters.
The general election in Britain this year has thrown more uncertainty into the mix for wealth management clients, with concern over possible tax hikes a double-edged sword for companies touting for their business.
Bellamy said some high earners were chosing to relocate ahead of time but both he and Pomfret were hopeful the strain of a new tax environment would drive people to seek more advice and ways to boost returns.

($1=.6482 pounds)

(Additional reporting by Clara Ferreira-Marques; Editing by Louise Heavens, Greg Mahlich) (For the Hedge Hub blog: http://blogs.reuters.com/hedgehub) (For Global Investing: http://blogs.reuters.com/globalinvesting) Keywords: RATHBONE/ (joel.dimmock@thomsonreuters.com; +44 (0) 20 7542 3505; Reuters Messaging joel.dimmock.thomsonreuters.com@reuters.net)

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