Close of Fund

Intermediate Capital Group PLC
30 March 2007


Embargoed until 7.00am
Friday 30th March

ICG ANNOUNCES CLOSE OF €2.25 BILLION EUROPEAN MEZZANINE FUND

Intermediate Capital Group PLC ('ICG'), the leading specialist provider
of mezzanine finance and fund manager in Europe and Asia, announces the closing
of its €2.25 billion European Fund 2006 ('the Fund'), representing €1.25billion
of equity interests and €1.0 billion of leverage. Almost 70% of the commitments
come from European investors, 19% from Asia and the remainder from North America
and the Middle East.

The Fund will make primarily mezzanine investments in the financing of European
leveraged buyouts. In addition, the Fund is able to make equity co-investments
and to purchase senior debt and mezzanine loans in the secondary debt market. As
ICG has in the past, the Fund will target a well-diversified portfolio by
industry sector, geography, equity sponsor and investment size to deliver
superior investment returns on a risk-adjusted basis.

ICG has the largest independent mezzanine investment team in Europe with 35
executives operating out of ICG's head office in London and local offices in
Paris, Madrid, Stockholm and a representative office in Frankfurt.

Commenting on the Fund, Tom Attwood, Managing Director of ICG, said: 'This is
our fourth European Mezzanine Fund, increasing our capacity to offer private
equity sponsors optimal financing structures in this dynamic market while
providing attractive returns to our Fund investors. Over the years we have
developed strong, long-standing relationships with our existing investor base as
evidenced by the fact that 78% of commitments come from existing LPs. We are
particularly pleased that this Fund has attracted a number of significant new
investors thereby supporting ICG's growth.'


Enquiries:

Tom Attwood, Managing Director, 
Intermediate Capital Group PLC                                   [phone]

Janine Peake, Head of Investor Relations, 
Intermediate Capital Group PLC                                   [phone]

Deborah Done/Helen Barnes, 
Brunswick Group Limited                                          [phone]



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