Update re acquisition of TriOptima

ICAP to complete acquisition of TriOptima

London - 18 March 2010. ICAP plc (IAP.L), the world's premier interdealer broker and supplier of post-trade services, announced today that it has received final regulatory approval and will complete the acquisition of the remaining 61.78% of stock in TriOptima on 24 March 2010. The acquisition was announced on 5 February 2010. A total initial payment of approximately SEK 1,074 million is payable in cash, this payment will be financed from ICAP's existing debt facilities. TriOptima will join a number of other companies in ICAPs newly formed Post Trade Risk division.

"ICAP has been developing a post-trade risk and information business to provide innovative services that enable our customers to reduce their costs and risks and increase their efficiency" said Mark Beeston, Director of Business Development for the Post Trade Risk division at ICAP "establishing a formal division of the company will enable us to maximise the potential of these businesses whilst preserving the entrepreneurial cultures of the individual companies."

"Demand for improvements in market infrastructure have continued to provide major opportunities for ICAP and post trade and risk services have become an increasingly important part of our activities over the last few years" said Mark Yallop, ICAP Group COO "in the first half of this financial year 19% of ICAP's profit* came from post-trade and information services and we expect that proportion to continue to grow."

Brian Meese, TriOptima's Chief Executive Officer, commented, "By joining ICAP's Post Trade Risk division TriOptima will be able to more rapidly expand the range of post-trade and risk management services we provide and to broaden our customer base. In today's changing regulatory environment there are exciting new high growth opportunities in risk management allied with technology innovation."

The Post Trade Risk Division is headed by Mark Yallop, ICAP Group COO and reporting to him is an executive team that includes the management of each of the ICAP post trade risk businesses. The post-trade risk businesses will continue to operate independently of ICAPs Voice and Electronic Broking divisions.

ICAP has also appointed Ian Chicken as Director for Market Connectivity, a new role that will place strategic focus on ICAP's various straight through processing activities. Mr Chicken will report to Mark Beeston.

* Pre-tax profit before amortisation and impairment of intangibles arising on consolidation

Contacts:

About ICAP

ICAP is the world's premier interdealer broker and supplier of post-trade services. The Group is active in the wholesale markets in interest rates, credit, commodities, foreign exchange and equity derivatives. The companies currently in the ICAP Post Trade Risk division are: TriOptima, Traiana, Reset, Rematch, ICAP Information services and a minority holding in Acadiasoft. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information go to www.icap.com.