Board Appointment

Intermediate Capital Group PLC
16 February 2006





                          INTERMEDIATE CAPITAL GROUP PLC


                    APPOINTMENT OF NEW NON-EXECUTIVE DIRECTOR



16 February 2006 For Immediate Release


The Board of Intermediate Capital Group PLC ('ICG'), the leading specialist
European and Asian provider of mezzanine finance, announces the appointment of
Justin Dowley as both a new non-executive director of the company and thereafter
independent Chairman of the Audit Committee.


Mr Dowley, aged 50, is a Partner of Tricorn Partners LLP, the independent
corporate advisory firm, which he co-founded in 2003. Previous positions he has
held include Head of Investment Banking and Head of Mergers and Acquisitions for
Europe at Merrill Lynch & Co and Head of UK Corporate Finance at Morgan Grenfell
& Co. His career commenced at Price Waterhouse, where he qualified as a
chartered accountant. He is currently a non-executive director of Bridgewell
Group Ltd and Wyevale Garden Centres plc.



Commenting on this appointment, John Manser, Chairman said,


'I am delighted to welcome Justin Dowley to the Board and to our Audit
Committee. Our Board will be further enhanced by his extensive senior management
expertise and his breadth of knowledge of the financial services.


I am confident that Justin will make a valuable contribution and complement the
existing Board and we all very much look forward to working with him.'


Justin Dowley commented,


'I am delighted to be joining a company with such an excellent track record,
that is so well positioned to grow and face the strategic challenges and
opportunities in its markets. I am looking forward to working with ICG's
experienced executive and non-executive team.'





Enquiries

Intermediate Capital Group
Tom Attwood, Managing Director                   [phone]

Brunswick
Gill Ackers / Helen Barnes                       [phone]




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