Further re Approach

IFG Group plc

("IFG" or the "Company")

Further re Approach

The board of IFG, having given due consideration to the approach to the Company, announced on 20 December, advise that due to the highly conditional nature of this proposal, the Board will not be proceeding further with it.

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.

Any holder of 1% or more of any class of relevant securities of the IFG Group plc may have disclosure obligations under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2013.

Davy Corporate Finance which is regulated in Ireland by the Central Bank of Ireland, is acting for IFG and no one else in relation to the matters referred to herein. In connection with such matters, Davy Corporate Finance, its affiliates and its respective directors, officers, employees and agents will not regard any other person as its client, nor will it be responsible to anyone other than IFG for providing the protections afforded to their clients or for providing advice in connection with the matters described in this announcement or any matter referred to herein.