Page 1

ST . JAMES'S PLACE plc 27 St. James's Place , London SW1A 1NR Telephone 020 7493 8111 Facsimile 020 7493 2382 PRESS RELEASE 25 February 2021 ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020 ROBUST NEW BUSINESS AND FINANCIAL PERFORMANCE St. James's Place plc ( " SJP " ) , the wealth management group , today issues its annual results for the year ended 31 December 2020 : Financial Highlights • Underlying cash result £ 264.7 million ( 2019 : £ 273.1 million ) Underlying cash basic earnings per share of 49.6 pence ( 2019 : 51.4 pence per share ) • • EEV operating profit £ 919.0 million ( 2019 : £ 952.0 million ) • Dividend EEV net asset value per share £ 14.49 ( 2019 : £ 13.20 ) IFRS profit before shareholder tax £ 327.6 million ( 2019 : £ 187.1 million ) IFRS profit after tax £ 262.0 million ( 2019 : £ 146.6 million ) • • 2019 withheld final dividend of 11.22 pence per share to be paid as an interim dividend during Q1 2021 Proposed final dividend of 38.49 pence per share ( 2019 : nil ) ; full year dividend of 38.49 pence per share ( 2019 : 49.71 pence per share ) Other Highlights • Gross inflows of £ 14.3 billion ( 2019 : £ 15.1 billion ) • Net inflow of funds under management of £ 8.2 billion ( 2019 : £ 9.0 billion ) • • • Funds under management of £ 129.3 billion ( 2019 : £ 117.0 billion ) We are now represented by 4,338 qualified advisers across the Partnership Achieved rapid and successful transition to remote working practices , aided by pace of technology investment Ambitious set of five year planning assumptions published today together with revised forward - looking dividend guidance Andrew Croft , Chief Executive Officer , commented : " 2020 was an extraordinary year for individuals , families , businesses and broader societies across the globe , with events shaped by the COVID - 19 pandemic that began early in the year . Our lives have been disrupted and we have all had to adapt to protect the physical , mental and financial health of ourselves , our friends and loved ones , our colleagues , and the vulnerable . Our operations and performance during 2020 were inevitably disrupted by the lockdowns and social distancing . However I am very pleased to report that our business has demonstrated real resilience and made further progress with net inflows of £ 8.2 billion for the year and funds under management closing at a record £ 129.3 billion . This outcome was possible because of high client engagement levels , our recent major investment in technology platforms , and the agility of our advisers and employees . Overall , I am very pleased with both our new business and financial results for 2020 . At the outset of the pandemic the Board made the difficult decision to withhold 11.22 pence of the 2019 final dividend , until such time when the financial and economic impact of COVID - 19 became clearer . I am pleased to report that we have not needed to utilise those funds and , whilst the pandemic is still on - going , we now have the confidence to pay this withheld amount as a further interim dividend during the first quarter . The Board has also proposed a final and full year dividend for 2020 of 38.49 pence per share , in line with our existing guidance which is to pay out around 80 % of the underlying cash result . Given the attractive market outlook for our face to face advisory business model , the scale of the business today , and the progress we have made in developing our technology infrastructure , we look to the future with confidence and in our results announcement have set out some of our key new planning assumptions for the next five years . I would highlight our ambition to deliver growth in new business of around 10 % per annum which , with modest help from investment markets and continued high retention rates , would see 1