Opening of New York Office

Intermediate Capital Group PLC
24 September 2007


24 September 2007

For Immediate Release

  Intermediate Capital Group Announces Opening of New York Office and recruits
                             local investment team

Intermediate Capital Group PLC ('ICG') has expanded its global network with the
opening of a New York office and the recruitment of 5 New York based senior
Investment Executives to provide intermediate capital solutions to the North
American market.

Christophe Evain, ICG's Managing Director with overall responsibility for the US
business, commented: 'We are excited about expanding our network of offices
throughout Europe and Asia to include North America. Increasing demand for our
specialty financing expertise, combined with the opportunity to hire a highly
qualified investment team, were key factors in the decision to open a US office.
Our aim is to provide a valuable mix of global investment experience and sound,
local knowledge.'

ICG America, Inc. will be managed by Jason Block, who joins from AlpInvest
Partners, where he was a Partner responsible for mezzanine investments. The
senior investment team also includes Gerald Chaney and Charles Rosse, also from
AlpInvest, Mike Anderson from ICG London, and Jon Marotta who has joined from
York Street Capital Partners.

Jason Block stated: 'Over the past five years our previous company invested in
ICG Funds and partnered with ICG on numerous direct transactions. Based on these
experiences, we developed a high regard for ICG and are delighted to join our
new colleagues. ICG has a terrific reputation and substantial experience in
enabling companies to achieve optimal capital structures. We are excited about
providing financing solutions to buyout sponsors and management teams in North
America. I am also personally thrilled to be surrounded by such a strong,
experienced team in the New York office.'

Christophe Evain said, 'Sponsors and management teams alike value our long-term,
partnership approach in complex financial transactions. The US Investment team
is well placed to develop our business in the region. The team has extensive
experience in mezzanine and leveraged finance and a thorough understanding of
ICG, its credit culture and people. By playing to our strengths of scale,
flexibility and reliability we will build an attractive US business, thereby
generating profitable growth for our shareholders and healthy returns for our
Fund investors. '

The new office is located at:

ICG America, Inc.
250 Park Avenue
Suite 810
New York, NY 10177
Tel: [phone]
Fax: [phone]

Enquiries:

Intermediate Capital Group PLC

Christophe Evain, Managing Director            [phone]

Janine Peake, Head of Investor Relations       [phone]

ICG America, Inc.

Jason Block, Co-Head of ICG America            [phone]

Brunswick Group Limited

Helen Barnes / Leonora Pou                     [phone]

Melissa Daly [phone]

Further information on Intermediate Capital Group PLC

Founded in 1989 and quoted on the London Stock Exchange, Intermediate Capital
Group PLC is a leading independent investor in Leveraged Buyouts, and an
established fund manager with over €10 billion third party funds under
management. ICG has a large and experienced investment team with 55 Investment
Executives operating out of ICG's head office in London, and offices in Paris,
Madrid, Stockholm, Frankfurt, Hong Kong, Sydney, Tokyo and New York. Since its
inception, ICG has invested more than €8bn in mezzanine and equity in over 300
transactions. Further information at: http://www.icgplc.com


                      This information is provided by RNS
            The company news service from the London Stock Exchange