Issue of Equity

IG Group Holdings plc
28 April 2005



THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION
IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN

                             FOR IMMEDIATE RELEASE

                         IG Group Announces Offer Price

                           of 120 pence per Ordinary Share

(LONDON, 28 APRIL 2005) - IG Group Holdings plc ('IG', the 'Company' or the
'Group'), the UK's leading spread betting group, today announces the successful
pricing of its initial public offering of ordinary shares (the 'IPO' or the
'Global Offer').

-   The offer price has been set at 120p per ordinary share (the 'Offer
    Price')

-   Based upon the Offer Price, the market capitalisation of IG at the
    commencement of conditional dealings will be £393m. Conditional dealings are
    expected to commence on the London Stock Exchange at 8:00am today (28 April)
    under the ticker symbol IGG. A final prospectus is expected to be published
    later today

-   The Global Offer consists of 109.8m new IG ordinary shares (the
    'Primary Offer') and 73.5m existing IG ordinary shares (prior to the exercise 
    of the over-allotment option), in total representing 56% of the 327.5m IG 
    ordinary shares in issue

-   The net proceeds of the Primary Offer of £124m will, together with
    existing surplus cash, be applied to repay outstanding indebtedness and to
    redeem the majority of the Company's preference share capital

-   It is expected that admission of IG's ordinary shares to the Official
    List of the London Stock Exchange ('Admission') will become effective and
    unconditional dealings will commence at 8:00am on 4 May 2005

UBS Limited ('UBS') is acting as global coordinator, bookrunner and sponsor to
IG in relation to the Global Offer, with Bridgewell Limited and Numis Securities
Limited acting as joint lead managers. UBS and Lexicon Partners Limited are
acting as joint financial advisers to IG.

Jonathan Davie, Chairman, commented:
'The IPO received an excellent response from major domestic and international
institutions as well as from clients and staff. We are delighted with the
outcome and look forward to progressing the next phase of the Group's
development.'

Nat le Roux, Chief Executive, commented:
'The successful IPO is a tribute to the hard work of IG's staff and demonstrates
investors' confidence in our business. I am delighted to welcome our new
investors at an exciting stage in the development of IG and look forward to
working for all shareholders to maintain the Group's growth momentum.'

Press Call
There will be a press call at 7:45am today. Journalists wishing to participate
are asked to call Anna Marsh at Financial Dynamics on 020 7831 3113 to obtain
dial-in details.

For further information please contact:
Financial Dynamics                        [phone]

Robert Bailhache
Ed Gascoigne-Pees
UBS Investment Bank                       [phone]

James Renwick
Ian Gladman

About IG

IG is a fast growing, profitable and cash generative provider of speculative
investment products to retail and institutional clients around the world. The
Group's core business is spread betting, both on financial markets and on
sporting, entertainment and political events. The Group's other products and
services include contracts for differences ('CFDs'), foreign exchange trading
and binary betting. The Group has two core brands - IG, under which IG Index and
IG Markets operate, and binarybet.comTM. More than 85% of the Group's client
transactions are executed online.

IG was founded in the UK in 1974 and commenced trading in Australia in 2002. The
Group has offices in London and Melbourne and employs approximately 270 people,
over 250 of whom are based in London.

The Group's business has grown rapidly since the late 1990s, with turnover
having increased 41.7% compound between the financial years 1998 and 2004 to
£49.8m. EBITDA has increased by 63.8% compound over the same period to £25.1m.

IG recently announced record interim results with both turnover and EBITDA
growing strongly for the six months ended 30 November 2004. These results
demonstrated a further improvement in the Group's EBITDA margin to 54.6%. Since
30 November 2004 IG has performed ahead of the Directors' expectations and has
continued to deliver strong growth in both turnover and earnings. For the three
months ended 28 February 2005, IG delivered growth in unaudited turnover of
34.9% when compared to the same period in the prior year. As the Group benefits
from high operational gearing, the expansion of the Group's EBITDA margin has
continued.

IG's online trading platforms continue to be key contributors to the Group's
continued growth. Online transaction numbers have continued to grow strongly
and, for the month of February 2005, approximately 220,000 transactions were
completed by clients online (inclusive of transactions executed using IG's
mobile and L2TM platforms).


This document does not constitute, and should not be construed as, an offer to
sell or the solicitation or inducement of an offer to buy ordinary shares in IG.
Any offer, solicitation of an offer or invitation to acquire ordinary shares in
IG is made by means of the prospectus dated 13 April 2005 and relating to IG and
any acquisition of ordinary shares in IG should be made solely on the basis of
the information contained in that document and any supplement thereto. The price
and value of shares can go down as well as up. Persons needing advice should
consult a professional adviser.

This document, which has been issued by IG and is the sole responsibility of IG,
has been approved solely for the purposes of Section 21 of the Financial
Services and Markets Act 2000 of the United Kingdom by UBS Limited of 1 Finsbury
Avenue, London EC2M 2PP.

UBS Limited, Bridgewell Limited, Numis Securities Limited and Lexicon Partners
Limited are acting for IG and for no one else in connection with the offer of
shares in IG and none of UBS Limited, Bridgewell Limited, Numis Securities
Limited or Lexicon Partners Limited will be responsible to anyone other than IG
for providing the protections afforded to their respective clients or for
providing advice in relation to the offer of shares in IG or any other matter
referred to herein.

This document, and any materials attached hereto, are not an offer of securities
for sale in the United States. The shares in IG are not being registered under
the US Securities Act of 1933, as amended (the 'Securities Act') and may not be
offered or sold in the United States (as such term is defined in Regulation S
under the Securities Act) unless they are registered or exempt from
registration. No public offering of the shares in IG is being made in the United
States. This document is not for distribution in or into the United States,
Canada, Australia or Japan. No money, securities or other consideration is being
solicited by this document or any materials attached hereto or the information
they contain in the United States or any other jurisdiction in which such offer
is not authorised or to any person to whom it is unlawful to make such an offer
or invitation.

Stabilisation/FSA




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