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Half year results

Half year results for the six months to 30 June 2010

Third consecutive record quarter

St. James’s Place plc (“SJP”), the wealth management group, today announces its new business and financial results for the half year ended 30 June 2010.

Highlights of the half year results are:

New Business:

• Total new business, on an APE basis, of £292.6 million (2009: £203.0 million) up 44%
• Second quarter record new APE of £159.3 million (2009: £109.2 million) up 46%
• Total single investments of £2.4 billion (2009: £1.5 billion) up 60%
• Our own manufactured business represents 91% of new business

Funds Under Management:

• Continued strong retention of existing clients’ funds
• Net inflow of funds under management of £1.5 billion (2009: £1.0 billion) up 50%
• Funds under management of £22.4 billion

St. James's Place Partnership:

• Partnership numbers at 1,506 up 3% since the start of the year

Profit

– EEV basis

• Group operating profit at £162.1 million (2009: £101.0 million) up 60%
• New business profits of £100.9 million (2009: £61.3 million) up 65%
• Net asset value per share 294.9 pence (2009: 234.3 pence) up 26% — IFRS basis:
• Profit before shareholder tax of £36.3 million (2009: £20.0 million) up 82%
• Net asset value per share 116.3 pence (2009: 107.8 pence) up 8%

Interim Dividend:

• Interim dividend 2.025 pence per share up 10%

David Bellamy, Chief Executive, commented:

"I am delighted to be reporting another exceptional set of results. The strong growth in our new business, profits and net inflows are the result of the professionalism of our Partnership distribution, the breadth of our Investment proposition and the dedication and commitment of our entire team."

"Despite the economic and stock market uncertainty, we remain positive about our ability to deliver further growth for the remainder of the year albeit with a tougher comparative in the final quarter."

Enquiries:

David Bellamy, CEO	Tel: 020 7514 1963
Andrew Croft, Group Finance Director	Tel: 020 7514 1963
Tulchan Communications	Tel: 020 7353 4200
John Sunnucks / Mal Patel

View the full press release.