Ifg Regulatory News (IFP)

29 July 2011

Acquisition

IFG Group plc is pleased to announce that it has acquired, through its wholly owned subsidiary IFG Nominees, 70% of the issued share capital of A.R.B Underwriting Limited and its wholly owned subsidiary A.R. Brassington & Co ("ARB").

The acquisition is by way of an investment in shares and a capital contribution totalling €500,000, split as follows: €52,190 shares, €447,810 capital contribution. The investment in ARB gives equity and also dividend and voting rights for 70% of the acquired business. Entitlements to proceeds on a future disposal of the ARB business increase to 70% over a five year period.

Under the deal the principal of ARB Cathal O'Brien remains with the company under a 5 year service agreement.

The business of ARB is wholesale insurance broking and insurance broking.

In the year ended 30 September 2010, the latest date to which accounts were prepared, ARB had turnover of €2,966,825 and profit on ordinary activities before tax of €479,867. Net assets of ARB were €3,801,792.

Conleth O'Reilly

Corporate Secretary

The Directors of IFG (excluding Peter Priestley) accept responsibility for the information contained in this announcement. To the best of their knowledge and belief (having taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. Mr. Priestley has been excluded from this statement because of his connection with Fiordland Investments Limited, a company which is part of a consortium that has made an approach to IFG in relation to the possibility of making an offer for IFG.