Approach Update

Approach update

The Board of IFG Group plc ("IFG" or the "Company"), the leading provider of bespoke SIPPs (self invested personal pensions) in the UK and a leading provider of international corporate trustee services, announced on 4 May 2011, that it had received an approach which may or may not lead to an offer to acquire the entire issued and to be issued share capital of the Company.

The Board of IFG notes recent media speculation and confirms that it has received a further approach, which also may or may not lead to an offer being made for the Company. A further announcement will be made if and when appropriate.

Any enquires relating to this announcement should be directed to the Company's financial adviser :

Davy Corporate Finance Tel: 353 1 679 6363

Ivan Murphy/Ronan Godfrey

The Directors of IFG 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.