We note the letter from Laxey Partners. The Board will give it proper consideration and will continue its practice of engaging with our shareholders.

As stated in our Pre-close statement yesterday:

"In January we stated that the operating environment was challenging. Since then market sentiment has improved. We expect a more positive economic outlook to result in a stronger overall performance from our private equity portfolio, although the effect of this is unlikely to have an impact upon our results for the financial year just ending. Our Infrastructure and Debt Management businesses continue to perform well."

For information please contact:

3i Group plc

Patrick Dunne
Group Communications Director
 020 7975 3566

Kathryn van der Kroft
PR Director
 020 7975 3021