Pre Close Update

IFG Group plc - Pre Close Update

27 January 2011

IFG Group plc, the financial advice and administrative services group, issues the following pre-close update for the financial year ending 31 December 2010.

Trading Update

The Group confirms its performance at Group level remains satisfactory and re-affirms that it expects to meet consensus expectations for the full year (18 - 20 cent adjusted EPS).

UK Financial Services Compensation Scheme (FSCS)

The FSCS scheme in the UK has announced an interim levy to remedy the cost of major investment failures in certain firms, primarily Keydata Investment Services Limited (In administration since June 2009).

IFG companies have received invoices from the FSCS, representing its contribution to the levy, for a total of STG£1.08m. James Hay which was acquired by IFG in March 2010 has received invoices for STG£0.94m of this total.

Ends

For further information please contact:

Mark Bourke

Chief Executive

IFG Group plc

Tel +353 1 275 2800

Niamh Hore

Investor Relations Manager

IFG Group plc

Tel: +353 (0)1 275 2866

IFG Group plc

Booterstown Hall,

Booterstown,

Co Dublin

www. ifggroup.com