Succession Planning for 2008

Intermediate Capital Group PLC
08 November 2007


8 November 2007

For Immediate Release


                           Intermediate Capital Group

                          Succession Planning for 2008



Intermediate Capital Group PLC ('ICG'), a leading direct investor and fund
manager with over €10bn under management, has announced the intention of Sara
Halbard, ICML Senior Fund Manager, to retire in June 2008. ICG, through its fund
management subsidiary ICML, is one of the largest and most experienced investors
in the European high yielding credit market.


Sara Halbard, ICML Senior Portfolio Manager, said: 'ICML now manages 8 CDO's and
several Institutional Mandates with a team of 12 portfolio managers and research
analysts. I am very proud of the credit team which we have built over many years
and which includes John Barker, Head of Leveraged Loans with 25 years of
experience, Garland Hansmann, Head of High Yield with 12 years of experience,
and David Ford, Head of Research, who has been in the markets since 1997. ICML's
Credit Committee also has substantial experience with a wealth of investment
management experience between them and I am confident that I will leave the
business in good hands'.


Tom Attwood, Managing Director of ICG, added 'I would like to thank Sara for her
enormous contribution to ICG over many years. Sara will leave at the top of her
game. We thank her, too, for giving us the opportunity to plan for her
succession. She will leave us with an outstanding and experienced team, a well
balanced portfolio and a strong platform for future growth. We are well advanced
in making key appointments to further contribute to the continued success of the
business'.



Intermediate Capital Group PLC


Janine Peake, Investor Relations Director                 [phone]

Jean-Christophe Rey, Investor Relations Manager           [phone]

Tom Attwood, Managing Director                            [phone]

Sara Halbard, Senior Portfolio Manager                    [phone]


Brunswick Group Limited

Helen Barnes / Teresa Bianchi                            [phone]



Further information on Intermediate Capital Group PLC

Founded in 1989 and quoted on the London Stock Exchange, Intermediate Capital
Group PLC is a leading independent investor in Leveraged Buy-outs and third
party Fund Manager. ICG has a large and experienced investment team with 55
executives operating out of ICG's head office in London and offices in Paris,
Madrid, Stockholm, Frankfurt, Hong Kong, Tokyo, Sydney and New York . Since its
inception, ICG has invested more than €12bn in mezzanine and equity in over 300
transactions. In addition ICG manages over €10bn in Mezzanine and CDO Funds.
Further information at: www.icgplc.com.




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