Rule 2.10 Announcement - Replacement

The following amendment has been made to the ' Rule 2.10 Announcement' announcement released on 5 May 2011 at 8.51am under RNS No 9981F.

The following text has been deleted from the first paragraph: 'and 8,200 ordinary shares of €1.27 each'.

All other details remain unchanged.

The full amended text is shown below.

Rule 2.10 Announcement - Replacement

IFG Group PLC

Rule 2.10 announcement - Relevant securities in Issue

In accordance with Rule 2.10 of the Irish Takeover Panel Act, 1997, Takeover Rules 2007 (as amended) (the "Irish Takeover Rules"), IFG Group plc ("IFG" or the "Company") confirms that, as at the close of business on 4 May 2011, its issued share capital comprised 125,221,953 ordinary shares of €0.12 each (the "Ordinary Shares").

Furthermore, IFG confirms that there are, at the close of business on 4 May 2011, 3,730,682 share options that have been granted by the Company and that are presently outstanding with an option price per Ordinary Share ranging from €0.65 to €3.00. Of such outstanding options, 2,833,682 were granted under the IFG Group Share Option Plan 2000 and the IFG Group Share Option Scheme (UK) 2000 adopted by the shareholders on 8 May 2000 and amended by Ordinary Resolution 26 June 2001 and 897,000 were granted under the IFG Group Share Option Plan 2010 and the IFG Group plc Company Share Option Plan (UK) 2010 adopted by the shareholders on 30 June 2010

The International Securities Identification Number for the Ordinary Shares is IE0002325243.

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

Davy Corporate Finance Tel: 353 1 679 6363

Ivan Murphy/Ronan Godfrey

Further Information

The Directors of IFG accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the directors of IFG (who have taken all reasonable care to ensure that such is the case) the information contained in this announcement for which they have accepted responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information.

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the Irish Takeover Rules, if any person is, or becomes, 'interested' (directly or indirectly) in one per cent or more of any class of 'relevant securities' of IFG, all 'dealings' in any 'relevant securities' of IFG (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by not later than 3.30 pm (GMT) on the business day following the date of the relevant transaction. This requirement will continue until the 'offer period' ends. If two or more persons co-operate on the basis of any agreement, either express or tacit, either oral or written, to acquire an 'interest' in 'relevant securities' of IFG, they will be deemed to be a single person for the purpose of Rule 8.3 of the Irish Takeover Rules.

Under the provisions of Rule 8.1 of the Irish Takeover Rules, all 'dealings' in 'relevant securities' of IFG by an 'offeror' or IFG, or by any of their respective 'associates' must also be disclosed by no later than 12 noon (GMT) on the business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed can be found on the Panel's website at www.irishtakeoverpanel.ie.

'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Irish Takeover Rules, which can also be found on the Irish Takeover Panel's website. If you are in any doubt as to whether or not you are required to disclose a dealing under Rule 8, please consult the Panel's website at www.irishtakeoverpanel.ie or contact the Panel on telephone number +353 (0)1 678 9020; fax number +353 (0)1 678 9289.