RNS Number:7895N
ICAP PLC
21 July 2003


21 JULY 2003

ICAP plc ("the Company")


Grant of options under the 2003 Bonus Share Matching Plan

On 16 July 2003 options over Ordinary 50p shares in the Company were granted to
the following directors under the 2003 Bonus Share Matching Plan.

DIRECTOR          BASIC AWARD          MATCHING AWARD

M A Spencer          153,260               153,260

D Gelber              44,120                44,120

J N Pettigrew         34,832                34,832

The exercise price for a Basic Award is #1 and the exercise price for a Matching
Award is #1. The exercise period for this award is 28 May 2006 - 27 May 2007.

The aggregate of the awards, being 464,424 Ordinary 50p shares, are to be
satisfied by shares held in the ICAP Employee Share Trust (the "Trust").

The Trust is a discretionary trust of which all employees and former employees
of ICAP plc and its subsidiaries are potential beneficiaries. Four of the
Company's directors, Michael Spencer, David Gelber, Jim Pettigrew and Stephen
McDermott are therefore regarded for Companies Act purposes as being interested
in the 81,030 ICAP plc shares held by the trustees of the Trust that remain
unallocated following these awards.

ENDS


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