Result of AGM

Company Name             IFG Group plc

Headline                        Chairman’s Statement

                                   IFG Group plc ("IFG" or the "Company")

                                              Statement and Results of

                    Annual General Meeting and Extraordinary General Meeting

The Company’s Annual General Meeting, followed by an Extraordinary General Meeting, was held today at the Radisson St Helen’s Hotel, Stillorgan Road, Dublin 4. 

All resolutions proposed at the General Meetings of the Company were passed.   

The full text of each resolution was included in the Notice of the Annual General Meeting of the Company and in a Circular sent to Shareholders in April and June 2010, respectively. 

As previously announced, Victor Quigley and Frank Ryan resigned as directors of the Company following the conclusion of the General Meetings. 

At the Meeting Joe Moran (Chairman of IFG) made the following statement: 

Performance

Performance in the first five months is in line with expectations.  The business has emerged from the past two years in a strong position.  Both the International Corporate Services and the UK Pensions Administration and Financial Advisory businesses are performing well and our gearing continues to fall with net debt reduced to 1 times EBITDA. 

Divisional Update 

International

As stated in our April Interim Management Statement, the current performance shows Isle of Man, Jersey, Cyprus and Switzerland all performing to plan.  We expect to see activity levels rising as financial planning and related structuring becomes increasingly important to existing and potential clients.  Our position as a transparent, high quality independent provider of trust and corporate services with multi-jurisdictional presence in well-regulated centres will allow us to harness changes in the competitive landscape driven by increased regulation, transparency and supervision. 

UK

Both the Pensioneer Trustee Services and the Financial Advisory businesses have had a good start to the year and are on target.  New business flows are healthy.   

James Hay

The integration of James Hay which commenced in April 2010 is being carried out at pace. Restructuring of the cost base is ahead of schedule.  The re-launching of the James Hay brand and our new product offering should be completed by year end.  A more detailed statement in relation to the James Hay acquisition is being released in conjunction with this update. 

Ireland

Our Pension and Advisory business is performing well in terms of client wins and profitability. 

The property related business continues to operate in a difficult environment due to lack of capital and transactions.  Focus in this business remains on achieving neutral contribution. 

Outlook

Our businesses are performing well and our balance sheet is strong.  This will allow us to grow organically and in the medium to long term by acquisition. 

The Group remains comfortable with our projections to deliver an adjusted EPS of 18 - 20 cent for the year 2010. 

30 June 2010 

Results of Annual General Meeting 

Dublin - 30 June 2010: IFG Group plc today announces the result of the Resolutions proposed at its Annual General Meeting held on 30 June 2010 at the Radisson St Helen’s Hotel, Stillorgan Road, Dublin 4. 

All Resolutions were passed on a show of hands. 

Resolutions 1 to 11 inclusive were passed as Ordinary Resolutions.

Resolutions 12 to 15 inclusive were passed as Special Resolutions.

The issued share capital of the Company is represented by 124,313,619 Ordinary Shares of €0.12 each. 

The proxy votes received in advance of the meeting were as follows:-

Resolution Number                            Total Vote     For/In favour of       Against      Withheld
                                                                                      Chairman and
                                                                                             Directors

1     Reports and Accounts                   70,650,740             70,650,740                    -                 -

2     Dividends                                      70,650,740             70,650,740                    -                 -

Re-election of Directors:

3     Peter Priestley                               70,634,312             70,521,070        113,242        16,428

4     Mark Bogard                                70,578,882             69,723,390        855,492        71,858

5     Gary Owens                                  70,650,036             70,536,544        113,492             704

6     Colm Barrington                            70,634,312             70,618,559          15,753        16,428

7     Joe Moran                                     70,650,740             64,736,619     5,914,121                 -

8     Thomas Wacker                            70,578,178             69,713,679        864,499        72,562

9     John Lawrie                                   70,600,036             66,282,222     4,317,814             704

10   Remuneration of Auditors              70,650,740             69,716,172        934,568                 -

11   Authorising the Directors to            70,650,740             69,782,829        867,911                 -
       Allot the authorised but
       unissued Share Capital

12   Authorising the Directors to            70,644,785             69,226,681     1,418,104          5,955
       Disapply Pre-Emption Rights

13   Authorising the Purchase of            70,650,740             70,434,633        216,107                 -
       Own Shares

14   Authorising the Reissue of              70,650,740             70,424,058        226,682                 -
       Own Shares

15   Shareholders’ Rights Directive       70,650,740             69,889,158        761,582                 -

 Notes:

In respect of Resolutions numbered 1 to 15 inclusive (save for Resolution 9) proxies representing 2,411 Ordinary Shares were received in favour of a third party;

In respect of Resolution number 9 proxies representing 52,411 Ordinary Shares were received in favour of a third party.

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Result of Extraordinary General Meeting

 Dublin - 30 June 2010: IFG Group plc today announces the results of the Resolution proposed at its Extraordinary General Meeting held on 30 June 2010 at the Radisson St Helen’s Hotel, Stillorgan Road, Dublin 4.

 The Resolution was passed as an Ordinary Resolution on a show of hands.

 The issued share capital of the Company is represented by 124,313,619 Ordinary Shares of €0.12 each.

 The proxy votes received in advance of the meeting were as follows:-

Resolution Number                            Total Vote     For/In favour of       Against      Withheld
                                                                                      Chairman and
                                                                                             Directors

Introduction of Share Option Plans        67,400,215             63,022,897     4,377,318   2,256,477

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