ICP.L Regulatory News (ICP)

16 Feb 2006 12:18

Intermediate Capital Group PLC16 February 2006 INTERMEDIATE CAPITAL GROUP PLC APPOINTMENT OF NEW NON-EXECUTIVE DIRECTOR 16 February 2006 For Immediate Release The Board of Intermediate Capital Group PLC ("ICG"), the leading specialistEuropean and Asian provider of mezzanine finance, announces the appointment ofJustin Dowley as both a new non-executive director of the company and thereafterindependent Chairman of the Audit Committee. Mr Dowley, aged 50, is a Partner of Tricorn Partners LLP, the independentcorporate advisory firm, which he co-founded in 2003. Previous positions he hasheld include Head of Investment Banking and Head of Mergers and Acquisitions forEurope at Merrill Lynch & Co and Head of UK Corporate Finance at Morgan Grenfell& Co. His career commenced at Price Waterhouse, where he qualified as achartered accountant. He is currently a non-executive director of BridgewellGroup Ltd and Wyevale Garden Centres plc. Commenting on this appointment, John Manser, Chairman said, "I am delighted to welcome Justin Dowley to the Board and to our AuditCommittee. Our Board will be further enhanced by his extensive senior managementexpertise and his breadth of knowledge of the financial services. I am confident that Justin will make a valuable contribution and complement theexisting Board and we all very much look forward to working with him." Justin Dowley commented, "I am delighted to be joining a company with such an excellent track record,that is so well positioned to grow and face the strategic challenges andopportunities in its markets. I am looking forward to working with ICG'sexperienced executive and non-executive team." Enquiries Intermediate Capital GroupTom Attwood, Managing Director +44 (0)20 7628 9898 BrunswickGill Ackers / Helen Barnes +44 (0)20 7404 5959 This information is provided by RNS The company news service from the London Stock Exchange