For filings with the FSA include the
 annex

 For filings with issuer exclude the
 annex


+------------------------------------------------------------------------------+
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)                             |
+------------------------------------------------------------------------------+

+---------------------------------------------+--------------------------------+
|1. Identity of the issuer or the underlying  |                                |
|issuer                                       | Intermediate Capital Group PLC |
|of existing shares to which voting rights are|                                |
|attached:(ii)                                |                                |
+---------------------------------------------+--------------------------------+
|2 Reason for the notification (please tick the appropriate box or boxes):     |
+------------------------------------------------------------------+-----------+
|An acquisition or disposal of voting rights                       |           |
+------------------------------------------------------------------+-----------+
|An acquisition or disposal of qualifying financial instruments    |           |
|which may result in the acquisition of shares already issued to   |           |
|which voting rights are attached                                  |           |
+------------------------------------------------------------------+-----------+
|An acquisition or disposal of instruments with similar economic   |           |
|effect to qualifying financial instruments                        |           |
+------------------------------------------------------------------+-----------+
|An event changing the breakdown of voting rights                  |           |
+------------------------------------------------------------------+-----------+
|Other (please specify):                                           |           |
+--------------------------------------+---------------------------+-----------+
|3. Full name of person(s) subject to  |                                       |
|the                                   |            BlackRock, Inc.            |
|notification obligation:(iii)         |                                       |
+--------------------------------------+---------------------------------------+
|4. Full name of shareholder(s)        |                                       |
|(if different from 3.):(iv)           |                                       |
+--------------------------------------+---------------------------------------+
|5. Date of the transaction and date on|                                       |
|which the threshold is crossed or     |          7(th) October 2011           |
|reached:(v)                           |                                       |
+--------------------------------------+---------------------------------------+
|6. Date on which issuer notified:     |          11(th) October 2011          |
+--------------------------------------+---------------------------------------+
|7. Threshold(s) that is/are crossed or|       Holding has gone below 5%       |
|reached:(vi, vii)                     |                                       |
+--------------------------------------+---------------------------------------+






+----------------------------------------------------------------------------------+
|8. Notified details:                                                              |
+----------------------------------------------------------------------------------+
|A: Voting rights attached to shares(viii, ix)                                     |
+------------+---------------------+-----------------------------------------------+
|Class/type  |Situation previous   |Resulting situation after the triggering       |
|of          |to the triggering    |transaction                                    |
|shares      |transaction          |                                               |
|            +----------+----------+------+------------------------+---------------+
|if possible |Number    |Number    |Number|Number of voting        |% of  voting   |
|using       |of        |of        |of    |rights                  |rights(x)      |
|the ISIN    |Shares    |Voting    |shares|                        |               |
|CODE        |          |  ghts    +------+----------+-------------+------+--------+
|            |          |          |Direct|Direct(xi)|Indirect(xii)|Direct|Indirect|
+------------+----------+----------+------+----------+-------------+------+--------+
|GB0004564430|19,801,308|19,801,308|N/A   |N/A       |18,358,804   |N/A   |4.59%   |
+------------+----------+----------+------+----------+-------------+------+--------+

+----------------------------------------------------------------------------------+
|B: Qualifying Financial Instruments                                               |
+----------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                              |
+--------------+----------+------------------------+-----------------+-------------+
|Type of       |Expiration|Exercise/               |Number of voting |% of voting  |
|financial     |date(xiii)|Conversion Period(xiv)  |rights that may  |rights       |
|instrument    |          |                        |be               |             |
|              |          |                        |acquired if the  |             |
|              |          |                        |instrument is    |             |
|              |          |                        |exercised/       |             |
|              |          |                        |converted.       |             |
+--------------+----------+------------------------+-----------------+-------------+
|              |          |                        |                 |             |
+--------------+----------+------------------------+-----------------+-------------+

+----------------------------------------------------------------------------------+
|C: Financial Instruments with similar economic effect to Qualifying Financial     |
|Instruments(xv, xvi)                                                              |
+----------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                              |
+-------------+----------+----------+-------------+-----------------+--------------+
|Type of      |Exercise  |Expiration|Exercise/    |Number of voting |% of voting   |
|financial    |price     |date(xvii)|Conversion   |rights instrument|rights(xix,   |
|instrument   |          |          |period(xviii)|refers to        |xx)           |
|             |          |          |             |                 |              |
+-------------+----------+----------+-------------+-----------------+-------+------+
|             |          |          |             |                 |Nominal|Delta |
|CFD          |          |          |             |1,065,967        +-------+------+
|             |          |          |             |                 |0.27%  |0.27% |
+-------------+----------+----------+-------------+-----------------+-------+------+

+----------------------------------------------------------------------------------+
|Total (A+B+C)                                                                     |
+------------------------------------+---------------------------------------------+
|Number of voting rights             |Percentage of voting rights                  |
+------------------------------------+---------------------------------------------+
|19,424,771                          |4.86%                                        |
+------------------------------------+---------------------------------------------+

+----------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or  |
|the                                                                         |
|financial instruments are effectively held, if applicable:(xxi)             |
+----------------------------------------------------------------------------+
|                                                                            |
|BlackRock Investment Management (UK) Limited - 19,424,771 (4.86%)           |
|                                                                            |
+----------------------------------------------------------------------------+

+----------------------------------------------------------------------------+
|Proxy Voting:                                                               |
+-------------------------------------------------+--------------------------+
|10. Name of the proxy holder:                    |                          |
+-------------------------------------------------+--------------------------+
|11. Number of voting rights proxy holder will    |                          |
|cease                                            |                          |
|to hold:                                         |                          |
+-------------------------------------------------+--------------------------+
|12. Date on which proxy holder will cease to hold|                          |
|voting rights:                                   |                          |
+-------------------------------------------------+--------------------------+

+-----------------------------+----------------------------------------------+
|                             |BlackRock International Threshold Reporting   |
|13. Additional information:  |Team                                          |
+-----------------------------+----------------------------------------------+
|14. Contact name:            |Andrew Manchester                             |
+-----------------------------+----------------------------------------------+
|15. Contact telephone number:|020 7743 5773                                 |
+-----------------------------+----------------------------------------------+
|                             |                                              |
+-----------------------------+----------------------------------------------+

 Note: Annex should only be submitted to the FSA not the issuer

 Annex: Notification of major interests in shares(xxii)


+------------------------------------------------------------------------------+
|A: Identity of the persons or legal entity subject to the notification        |
|obligation                                                                    |
+-------------------------------+----------------------------------------------+
|Full name                      |                                              |
|(including legal form of legal |BlackRock, Inc.                               |
|entities)                      |                                              |
|                               |                                              |
+-------------------------------+----------------------------------------------+
|Contact address                |                                              |
|(registered office for legal   |12 Throgmorton Avenue, London, EC2N 2DL       |
|entities)                      |                                              |
|                               |                                              |
+-------------------------------+----------------------------------------------+
|Phone number & email           |020 7743 5773; andrew.manchester@blackrock.com|
|                               |                                              |
+-------------------------------+----------------------------------------------+
|Other useful information       |                                              |
|(at least legal representative |Andrew Manchester                             |
|for legal persons)             |                                              |
|                               |                                              |
+-------------------------------+----------------------------------------------+

+------------------------------------------------------------------------------+
|B: Identity of the notifier, if applicable                                    |
+-------------------------------+----------------------------------------------+
|Full name                      |                                              |
|                               |                                              |
+-------------------------------+----------------------------------------------+
|Contact address                |                                              |
|                               |                                              |
+-------------------------------+----------------------------------------------+
|Phone number & email           |                                              |
|                               |                                              |
+-------------------------------+----------------------------------------------+
|Other useful information       |                                              |
|(e.g. functional relationship  |                                              |
|with the person or legal entity|                                              |
|subject to the notification    |                                              |
|obligation)                    |                                              |
+-------------------------------+----------------------------------------------+

+------------------------------------------------------------------------------+
|C: Additional information                                                     |
+------------------------------------------------------------------------------+
|                                                                              |
+------------------------------------------------------------------------------+
 For notes on how to complete form TR-1 please see the FSA website.








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Source: Intermediate Capital Group PLC via Thomson Reuters ONE

[HUG#1554321]