15 December 2010

Appointment of Lachlan Douglas

ICG is pleased to announce the appointment of Lachlan Douglas as a Director effective from 1 January 2011.

Lachlan moves to ICG after a successful term as Managing Director of Principle Advisory Services. Principle has supported ICG for some years and the ICG business is now of a scale that means it is sensible for it to internalise this work. Lachlan’s role with ICG will provide ICG with a full-time internal resource to manage our investor relations, funds management and capital raising activities.

John Clarke, Managing Director of ICG, said, ‘Lachlan has been a trusted adviser to our business over a long period and I am delighted that he is coming on board to work with ICG full time’.

Lachlan Douglas will retain a shareholding in Principle and will continue to sit on the Principle Board, but now as a non-executive.