Q3 New Business Inflows and Funds Under Management

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PRESS RELEASE

20 October 2022

ST. JAMES'S PLACE REPORTS OVER £4 BILLION OF NEW CLIENT INVESTMENTS IN Q3

St. James's Place plc ('SJP') today issues an update on new business inflows and funds under management for the three months ended 30 September 2022.

Andrew Croft, Chief Executive Officer, commented:

"In a challenging external environment, I am pleased to report another strong quarter for St. James's Place. At times like these, the focus of our advisers is to remain close to their clients and provide them with timely, personal, and trusted advice that helps them consider and manage near-term pressures while maintaining a long-term mindset. This has underpinned gross inflows of £4.05 billion, only modestly lower versus a record comparative period in 2021. Retention has remained very strong, supporting net inflows of £2.19 billion and contributing to funds under management closing the period at £143.14 billion.

Although we face an uncertain geopolitical and macroeconomic backdrop, the Partnership remains critically placed to help clients plan, save and invest for the future, building confidence in their long-term finances. Our business has proven its strength over time and this, together with our resilient financial model, means that we expect 2022 to be another year of good progress towards the 2025 goals we have set, and we are comfortable with consensus expectations for new business and our financial performance for the year."

The details of the announcement are attached.

Enquiries:

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Contents

1.     Funds under management

2.     Analysis of funds under management

3.     EEV net asset value per share

1.     Funds under management

Included in the table above is:

·      Rowan Dartington Group FUM of £3.18 billion at 30 September 2022, gross inflows of £0.08 billion for the quarter and outflows of £0.03 billion.

·      SJP Asia FUM of £1.50 billion at 30 September 2022, gross inflows of £0.05 billion for the quarter and outflows of £0.03 billion.

Included in the table above is:

·      Rowan Dartington Group FUM of £3.38 billion at 30 September 2021, gross inflows of £0.15 billion for the quarter and outflows of £0.03 billion.

·      SJP Asia FUM of £1.48 billion at 30 September 2021, gross inflows of £0.08 billion for the quarter and outflows of £0.02 billion.

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Included in the table above is:

·      Rowan Dartington Group FUM of £3.18 billion at 30 September 2022, gross inflows of £0.33 billion for the nine-month period and outflows of £0.09 billion.

·      SJP Asia FUM of £1.50 billion at 30 September 2022, gross inflows of £0.22 billion for nine-month period and outflows of £0.07 billion.

Included in the table above is:

·      Rowan Dartington Group FUM of £3.38 billion at 30 September 2021, gross inflows of £0.43 billion for the nine-month period and outflows of £0.11 billion.

·      SJP Asia FUM of £1.48 billion at 30 September 2021, gross inflows of £0.26 billion for the nine-month period and outflows of £0.09 billion.

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2.     Analysis of funds under management

The table below provides a geographical and investment-type analysis of FUM at 30 September.

3.     EEV net asset value per share

The net asset value on the European Embedded Value basis at 30 September 2022 was approximately £16.26 per share.