REG-Board Changes

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10 March 2026

ICG plc (“ICG” or the “Company”)

Board Changes

The Board of ICG announces that Jonathon Bond has been appointed as an
Independent Non-Executive Director of the Company. He will join the Board on 1
April 2026 and will also serve as a member of the Remuneration Committee.

Further, as part of ongoing succession planning in respect of Board
membership, Stephen Welton and Rosemary Leith will retire from the Board of
the Company with effect from the Annual General Meeting to be held on 15 July
2026.

Appointment of Jonathon Bond

Jonathon Bond was Chief Investment Officer at Grosvenor from 2021 to 2025,
where he was responsible for the capital invested in Grosvenor’s commercial
and investment activities and for its performance. Since late 2025, he has
been Executive Chairman of Grosvenor's Financial Investment Committee. He has
previously held several non-executive director positions, including as Senior
Independent Director at Jupiter Fund Management plc and Non-Executive Director
at Scottish Widows, Standard Life Private Equity Trust plc and Camellia plc.

Jonathon spent over twenty-five years in the alternative investment industry
in the UK, Europe and Asia. Jonathon was a founding Partner of Actis LLP, the
growth market investor in sustainable infrastructure and private equity.
Earlier in his career, he worked as a founding Director of HSBC Private Equity
in India and held senior positions at Electra Private Equity Partners and Bain
& Company. He was also Executive Chairman of Scandinavian family office Skagen
Group from 2013 to 2019 .

Retirement of Stephen Welton and Rosemary Leith

As part of the ongoing succession planning in respect of the Company’s
Non-Executive Directors, Stephen Welton and Rosemary Leith will retire from
the Board of the Company with effect from the Annual General Meeting to be
held on 15 July 2026. Stephen will retire in his ninth year of service in
order to comply with the Corporate Governance Code, while Rosemary will retire
in her sixth year of service due to the time requirements of a range of other
commitments.

Sonia Baxendale, who joined the Board of the Company in January 2025, will
become Chair of the Risk Committee in succession to Rosemary Leith.

William Rucker, Chair of ICG, said: “We are delighted to welcome Jonathon to
the Board. His significant global experience in the private markets industry
and strong track record as an executive and a board director will be of great
value to ICG. I look forward to him joining us.

We are grateful to Stephen and Rosemary for their long service and outstanding
contributions to the Board and its Committees (including Rosemary’s role as
Chair of our Risk Committee) during a period of sustained growth and success
for ICG. We wish them all the best for the future.”

There is no additional information required to be disclosed pursuant to UK
Listing Rule 6.4.8R in respect of the appointment of Jonathon Bond.

Ends

Enquiries

Chris Hunt

Head of Corporate Development and Shareholder Relations, ICG

+44 (0) 20 3545 2020

Andrew Lewis

General Counsel and Company Secretary, ICG

+44 (0) 20 3545 1344

Fiona Laffan

Global Head of Corporate Affairs, ICG

+44 (0) 20 3545 1510