Board Change

IFG Group plc

Board Change

IFG Group plc is pleased to announce the co-option of Evelyn Bourke to the Board of the company as a Non-Executive Director as of 25 August 2011.

Evelyn joined Friends Provident plc on 1 May 2009 as CFO. Friends Provident Holdings became Friends Life Group earlier this year. She was recently appointed Chief Commercial Officer of Friends Life Group and is responsible for Group Strategy and Capital in addition to the Friends Life UK Heritage business.

Evelyn, a qualified actuary with an MBA from London Business School, has significant experience in financial services having been CEO of Chase de Vere Investments plc (an IFA), Group Strategy and Planning Director and CFO of the UK business of Standard Life plc and a principal at Tillinghast-Towers Perrin. She is also a non executive director of The Children's Mutual.

Joe Moran, Chairman, said that he welcomed Evelyn to the IFG Group plc Board and was looking forward to working with her, adding:

"I am delighted that Evelyn has agreed to join the IFG Group plc Board. She brings a wealth of experience in UK Financial Services which is particularly useful given the increased scale of our UK business following the acquisition of James Hay".

For further information please contact:

IFG Group plc

Conleth O'Reilly

Company Secretary

Tel: +353 (0)1 275 2800

Niamh Hore

Investor Relations Manager

Tel: +353 (0)1 2752866

Financial Dynamics

Ed Gascoigne-Pees / Laura Pope

Tel: +44 (0)20 7269 7243

Weber Shandwick

Mary McCarthy/Eoin Quinn

Tel: +353 (0)1 676 0168

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.