Statement re offer of bonds

25 February 2015

The information contained herein is not for release, publication or distribution in or into the United States, Australia, Canada, Japan, South Africa, the Republic of Ireland or in any other jurisdiction where it is unlawful to distribute this document. The information contained herein may only be released, published or distributed in the United Kingdom, Jersey, the Bailiwick of Guernsey and the Isle of Man in accordance with the applicable regulatory requirements.

This announcement is an advertisement and is not a prospectus for the purposes of EU Directive 2003/71/EC, as amended, and/or Part VI of the Financial Services and Markets Act 2000 (the "FSMA"). This announcement is not itself an offer for the sale of any Bonds. Investors should not subscribe for any Bonds (as defined below) referred to in this announcement except on the basis of information in the prospectus dated 18 February 2015 (the "Prospectus") and the final terms (the "Final Terms") in its final form which will be published by Intermediate Capital Group plc (the "Issuer" or "ICG"). Before any Offer (as defined below) commences, copies of the Prospectus and the Final Terms will be made available to the public as required by Part VI of the FSMA.

This announcement is a financial promotion prepared by Intermediate Capital Group plc and approved by Canaccord Genuity Limited (the "Lead Manager") solely for the purposes of section 21(2)(b) of the FSMA. Canaccord Genuity Limited (incorporate in England No. 1774003) whose registered office is 88 Wood Street, London, EC2V 7QR, is authorised and regulated by the Financial Conduct Authority.

No reliance may be placed on the Lead Manager for advice or recommendations of any sort. The Lead Manager makes no representation or warranty to you with regard to the information contained in this announcement. The content of this announcement is believed to be reliable but, in so far as it may do so under applicable law, the Lead Manager does not warrant or make any representation as to its completeness, reliability or accuracy.

The Lead Manager is acting for Intermediate Capital Group plc and is acting for no-one else in connection with any offer of Bonds and will not be responsible to anyone other than Intermediate Capital Group plc for providing the protections afforded to clients of the Lead Manager nor for providing advice in connection with any offer of Bonds or any other matter referred to herein.

INTERMEDIATE CAPITAL GROUP PLC INTENTION TO ISSUE STERLING BONDS

ICG today announces that it expects to proceed with an offer (the "Offer") of Sterling bonds (the "Bonds") with an expected maturity of between 8 and 10 years and an expected coupon of between 4.75% and 5.00%.

OFFER HIGHLIGHTS

• The Bonds are expected to have a maturity of between 8 and 10 years and an expected coupon of between 4.75% and 5.00% per annum
• The Bonds are expected to be listed on the Official List of the UK Listing Authority and admitted to trading on the regulated market of the London Stock Exchange
• The Bonds are also expected to be eligible for the London Stock Exchange's electronic Orderbook for Retail Bonds
• The Offer is expected to take place in the coming weeks
• The minimum application size is expected to be £2,000
• The Offer is expected to comprise of an offer to members of the retail investors in the UK, the Channel Islands and the Isle of Man and an offer to institutional investors (in the UK and elsewhere outside the United States under Regulation S)

ICG HIGHLIGHTS

• ICG structures and manages mezzanine finance, leverage credit and equity
• As at 30 September 2014, it had approximately €13.7bn of assets under management in proprietary capital and third party funds
• ICG's income is generated from fund management fees, interest and dividend income, capital gains arising from the sale of shares and warrants acquired in conjunction with financings and fees from arranging and underwriting mezzanine debt
• ICG's profit before tax for the year ended 31 March 2014 was £175.1m (excluding fair value movements of derivatives)
• Rated BBB- (stable) by both Fitch Ratings Ltd and Standard & Poor's Ratings Financial Services LLC
• ICG has previously raised two bonds listed on the London Stock Exchange's electronic Order book for Retail Bonds totaling £115m

For further information, please contact:

Intermediate Capital Group plc
Ian Stanlake, Investor Relations                         [phone]
Helen Gustard, Corporate Communications         [phone]

Canaccord Genuity
Adrian Bell                                                        [phone]
Mark Glowrey
Henrietta Podd

IMPORTANT INFORMATION

The offering and the distribution of this announcement and other information in connection with any offer in certain jurisdictions may be restricted by law and persons who come into possession of this announcement or any document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities law of any jurisdiction.

This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase any Bonds. Any purchase of Bonds pursuant to any Offer should only be made on the basis of the information contained in the Prospectus, which contains important risk factors, and the Final Terms relating to any Notes to be issued.

The Bonds will not be registered under the U.S. Securities Act of 1933, as amended, (the "Securities Act"). Subject to certain exceptions, the Bonds may not be offered, sold or delivered within the United States or to, or for the account or benefit of U.S. persons. The Bonds are expected to be offered and sold outside of the United States in reliance on Regulation S of the Securities Act. There will be no public offering in the United States.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Intermediate Capital Group plc via Globenewswire

HUG#1897124