Directorate change

Friday 29th July 2011

For Immediate Release



ICG plc - Mezzanine Division - Management Changes

ICG  PLC ('ICG') announces  that, due to  family reasons, Francois  de Mitry has
decided  to  step  down  as  an  executive  director  and Head of Mezzanine with
immediate effect.

Benoit  Durteste has been  promoted to Head  of European Mezzanine.  ICG's three
European  Fund Managers, Benoit,  Rolf Nuijens and  Piers Millar, will take full
responsibility for management of the company's European Mezzanine teams.

These  seasoned managers  have a  strong investment  track record  and have been
instrumental  to ICG's  success. They  will report  to Christophe Evain, CEO and
CIO.

Christophe Evain said;

"On  behalf of ICG, I  would like to thank  Francois for his contribution to the
firm  over the last 14 years.  One of Francois' legacies  to ICG is the strength
and  depth of the team he has helped to  build and I have full confidence in the
regional  managers  who  have  played  a  key  role  in  ICG's strong investment
performance."

Francois de Mitry added:

"It  is with much sadness that I am leaving ICG after 14 years. I leave ICG well
placed  to achieve its global aspirations. They are a talented team of investors
and I wish them continued success."

ENDS



Analyst / Investor enquiries:
Christophe Evain, CEO, ICG+44 (0) 20 3201 7700
Philip Keller, CFO, ICG [phone]
Jean-Christophe Rey, Investor Relations, ICG+44 (0) 20 3201 7768


Media enquiries:
Mark Lunn, Corporate Communications, ICG+44 (0) 20 3201 7769
Charlotte Kirkham/Tim Draper, M:Communications [phone]







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Source: Intermediate Capital Group PLC via Thomson Reuters ONE

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