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Company News

2002

Redemption of share capital

20/12/2002

Shareholders will no doubt recall that the share capital of the Company includes one Special Rights Redeemable Preference Share of £1 (the "Special Share"), which is held by the J. Rothschild Name Company Limited (the "Nameco"). The Special Share is designed to protect the reputation of the "J. Rothschild" name. In accordance with an agreement with Nameco entered into in 2000, the St. James's Place Group ceased to use the J. Rothschild name earlier this year and accordingly the Special Share is no longer required.

Following a request from Nameco and in accordance with SJPC's Articles of Association, SJPC has redeemed the Special Share previously held by Nameco at its par value of £1 out of distributable profits.

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