Directors' Dealings

Intermediate Capital Group PLC
18 November 1999

LETTER TO: COMPANY ANNOUNCEMENTS OFFICE

NOTIFICATION OF DIRECTORS SHARE TRANSACTIONS

In accordance with the requirements of the Companies Act 1985, we are informing
you that we have today been notified of the purchase of shares by a director of
this company as follows:-

Mr C Murray Stuart has purchased 3,750 shares, details of which are as follows:-

Date of transaction                     16 November 1999
Date notified                           16 November 1999
Type of share                           Ordinary shares of 20 pence
Number of shares bought                 3,750
Total number of shares now owned        10,000
Percentage of issued capital now owned  0.02%
Price at which purchase was made        533p

LETTER FROM: INTERMEDIATE CAPITAL GROUP PLC