Statement re Investment in a Loan Portfolio

Tuesday 17 August 2010

 INTERMEDIATE CAPITAL GROUP ANNOUNCES THE ACQUISITION OF A LOAN PORTFOLIO FROM
                           THE ROYAL BANK OF SCOTLAND


Intermediate Capital Group PLC ("ICG"), the FTSE 250 listed investment firm and
fund manager specialising in mezzanine finance, growth capital, buyout debt and
related assets, announces it has agreed to acquire a portfolio of European loans
from the Royal Bank of Scotland ("RBS").

The portfolio comprises €1.4 billion (at par value) of primarily European senior
loans across a diversified range of sectors.

The transaction is expected to complete by the end of August 2010, and will be
financed by equity and debt. The equity for the investment will be provided by
ICG and its funds (ICG European Fund 2006 and ICG Recovery Fund 2008). Terms of
the transaction are not disclosed.

ICG will manage the portfolio alongside its other senior loan and high yield
investment vehicles in its Credit Fund Management business which currently
manages over €4.7 billion of assets.

Christophe Evain, Chief Executive Officer of ICG, said,

"This is a great investment opportunity for ICG and its fund investors. ICG has
a strong track record of investing in European senior loans. We believe this
portfolio acquisition from RBS underlines the strength of our origination
capability and the depth and breadth of our credit expertise. This acquisition
contributes to our broader strategy of growth as a leading global alternative
asset manager."


Enquiries:

Analyst / Investor enquiries:
Christophe Evain, CEO, ICG+44 (0) 20 7628 9898
Philip Keller, Finance Director, ICG [phone]
Jean-Christophe Rey, Investor Relations, ICG+44 (0) 20 7448 5876

Media enquiries:
Mark Lunn, Corporate Communications, ICG [phone]
Charlotte Kirkham, Tim Draper, M: Communications  [phone]


About ICG
Founded in 1989, ICG is a leading independent principal investor and credit fund
manager specialising in mezzanine finance, minority equity, senior loans and
related assets with approximately €11 billion under management in proprietary
capital and third party funds. ICG has a large and experienced investment team
operating from its head office in London and offices in Paris, Madrid,
Stockholm, Frankfurt, Amsterdam, Hong Kong, Sydney and New York. Its stock
(ticker symbol: ICP) is listed on the London Stock Exchange. Further information
is available at: www.icgplc.com.


[HUG#1438319]








This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
All reproduction for further distribution is prohibited.
    
Source: Intermediate Capital Group PLC via Thomson Reuters ONE