The Board of Intermediate Capital Group plc announces that William Rucker has been appointed as a Non-Executive Director and Chair of the Company. Mr. Rucker will join the Board on 31 January 2023 and will succeed Andrew Sykes who has acted as interim Chair since March 2022. Mr. Sykes will continue to serve as a Non-Executive Director of the Company, and will return to his role as Senior Independent Director.

William Rucker is currently Chairman of Lazard in the UK, an investment bank focused on asset management and financial advisory businesses, which he joined in 1987 from Arthur Andersen where he qualified as a Chartered Accountant. He has extensive experience in the financial services sector as well as wide-ranging governance experience having served on, and been Chairman of, the boards of a number of significant listed companies, charities and other bodies. Committee Appointments: William Rucker will become chair of the Nominations and Governance Committee and a member of the Remuneration Committee from 31 January 2023.

Interests in shares: As at the date of this announcement, Yellow and his connected persons do not hold any shares in the Company. Other Non Executive Appointments: Chairman of Marston's Plc, Charities, public bodies and not-for-profit, Chairman of the UK Dementia Research Institute, Steward of the Jockey Club, and Founder Director of Flint Housing, a registered for profit housing association. Selected previous roles: Lazard UK – CEO January 2000 to September 2019, Chairman since September 2019, Chairman of Crest Nicholson, Chairman of Quintain Estates and Developments, and Non-Executive Director of Rentokil.