Directors' Dealings

INTERMEDIATE CAPITAL GROUP PLC
6 October 1999


INTERMEDIATE CAPITAL GROUP PLC RIGHTS ISSUE - SALE BY
CERTAIN EXECUTIVE DIRECTORS OF NIL PAID RIGHTS

Certain Executive Directors of Intermediate Capital Group
PLC, their related trusts and members of their immediate
families yesterday sold New Ordinary Shares, nil paid, at a
price of 50 pence per share as follows:

              Entitlement to   Number of   Entitlement to
              New Ordinary     nil paid    nil paid New
              Shares, nil      Ordinary    Ordinary Shares
              paid             Shares      remaining to be
                               sold        subscribed for


Tom Bartlam      203,729       184,544        19,185


Jean-Loup        165,167       149,614        15,553 
de Gersigny    
       

Andrew Jackson   194,118       175,839         18,279



The definitions contained in the Prospectus sent to
Shareholders on 16 September 1999 also apply in this
announcement.

Enquiries:
Intermediate Capital Group PLC       0171 628 9898
Murray Stuart (Chairman)
Tom Bartlam (Chief Executive)