Board Change

Intermediate Capital Group PLC
24 January 2005


ICG announces the retirement of Tom Bartlam and gives an update on the current
year's trading


Monday, 24th January, 2005

Intermediate Capital Group PLC ('ICG') announces that Tom Bartlam, a Founder and
Managing Director of ICG, will retire in April, subsequent to the announcement
of ICG's results for the year ending 31 January 2005. He will remain on the
Board as a Non-Executive Director.

ICG expects to be able to report good results for its current financial year,
with further growth in core income and the loan portfolio together with strong
capital gains. The results are due to be announced in early April.

John Manser, the Chairman of ICG says: 'Tom Bartlam has been at the heart of
building ICG from its start-up in 1989 into the large and international business
it is today. Under the guidance of Tom and his partners ICG has delivered
compound growth in earnings per share of more than 10% per annum since its
flotation over ten years ago with core income growing by over 10% in every year
during that period, which Tom would probably describe as a 'satisfactory'
achievement.

Tom retires with our best wishes, leaving ICG in robust shape with a strong and
experienced management team, comprising Tom Attwood and his fellow Executive
Directors, which I am confident is capable of maintaining the excellent record
of growth.'


Enquiries

John Manser, Chairman          Intermediate Capital Group      020 7628 9898
Tom Bartlam, Managing Director Intermediate Capital Group      020 7628 9898
Tom Attwood, Managing Director Intermediate Capital Group      020 7628 9898
Gill Ackers                    Brunswick                       020 7404 5959

In accordance with Chapter 16.4 of the Listing Rules, no further details are
required to be disclosed under paragraph 6.F2 (b) to (g).



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