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Investors Capital (ICAP)

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Monday 10 July, 2000

Investors Capital

Allotment of Growth Shares

Investors Capital Trust PLC
10 July 2000

Re Allotment of Growth Shares

The Board of Investors Capital Trust plc hereby announces that, following the
receipt of exercise notices from warrantholders, 3,802 new growth shares were
allotted at the price of £1.37 per growth share, on 10 July 2000.  The total
number of growth shares now in issue is 240,200,379 and there remain
outstanding, 27,624,555 warrants.


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