Director Shareholding

Intermediate Capital Group PLC
7 December 2001


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 John Manser has purchased 3,000 shares, details of which are as follows:-

Date of transaction                     6 December 2001
Date notified                           7 December 2001
Type of share                           Ordinary shares of 20 pence
Number of shares bought                 3,000
Total number of shares now owned        3,000
Percentage of issued capital now owned  0.01%
Price at which purchase was made        720p


FROM:  JOHN E CURTIS
       COMPANY SECRETARY
       INTERMEDIATE CAPITAL GROUP PLC