Holding(s) in Company

RNS Number:8959Q
ICAP PLC
14 October 2003


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     ICAP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     INTERCAPITAL PRIVATE GROUP LIMITED

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     AS PER 2

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     AS PER 2

5)   Number of shares/amount of stock acquired.



6)   (  %) of issued Class


7)   Number of shares/amount of stock disposed

     3,000

8)   0.003% of issued Class


9)   Class of security

     ORDINARY SHARES OF 50P EACH

10)  Date of transaction

     14.10.03

11)  Date company informed

     14.10.03

12)  Total holding following this notification

     1,269,914
                    
13)  Total percentage holding of issued class following this notification

     1.10%

14)  Any additional information

     SEE NOTIFICATION BELOW FROM INTERCAPITAL PRIVATE GROUP LIMITED

15)  Name of contact and telephone number for queries

     KATHRYN DICKINSON 
     020 7463 4366

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification      14 OCTOBER 2003





Letter to ICAP plc
Dated 14th October 2003


Notification concerning Interests in shares

1        We, Intercapital Private Group Limited ("IPGL") of Park House, 16 
         Finsbury Circus, London EC2M 7PQ, being a shareholder of the Company, 
         hereby give notice to the Company, pursuant to the provisions of 
         Section 198(1) of the Companies Act 1985 (the "Act"), of the event 
         referred to in paragraph 3 below.

2        This notice is given in fulfilment of, and for the express purpose of 
         discharging the obligations imposed on us and Mr and Mrs Spencer (who 
         are interested in 42 per cent of the share capital of IPGL) by, the 
         said Section and arising out of the transactions referred to in 
         paragraph 3 below.
 
3        On 14th October 2003 pursuant to agreements with a number of minority 
         shareholders in our subsidiary company Intercapital Brokerage Services 
         Limited ("IBS"), we disposed of 3,000 ordinary shares of 50 pence each 
         in the capital of the Company.

4        Immediately following the disposal referred to in paragraph 3 above, 
         we and Mr and Mrs Spencer (in respect of their holding in IPGL only) 
         had a notifiable interest (within the meaning of Section 199(2) of the 
         Act), in 26,379,055 shares of 50 pence each in the capital of the 
         Company, 1,269,914 of which being registered in our name and the 
         balance of 25,109,141 being registered in the name of Incap 
         Netherlands (Holdings) BV.
 
 
From: Intercapital Private Group Limited 




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