RNS Number:0425R
ICM Computer Group PLC
17 October 2003


                             ICM Computer Group plc
                                        
                             ICM RAISES #2.1 MILLION


ICM Computer Group plc, the UK's leading provider of IT Assurance comprising IT
Support, IT Solutions and Business Continuity services, today conditionally
raised #2.1 million from institutional investors by way of a subscription for
989,520 Ordinary Shares of 5p each fully paid, ranking pari passu with the
existing Ordinary Shares at a price of 210p per Ordinary Share, representing a
discount of approximately 3.4% to the current mid market price.

The subscription is conditional on the admission of the 989,520 Ordinary Shares
to the Official List of the UK Listing Authority and to trading on the London
Stock Exchange's main market for listed securities. Application is to be made
for the 989,520 Ordinary Shares to be so admitted and it is expected that
admission will become effective on 23 October 2003.

In the preliminary results statement on 23 September 2003, ICM said that the
Group is committed to supplementing its organic growth with appropriate
acquisitions and remains active in the pursuit of other opportunities to
strengthen its IT Assurance services. The proceeds raised today will both assist
ICM in furthering its plans for a national network of disaster recovery centres
and for making suitable acquisitions.


                                                                 17 October 2003


Enquiries

ICM Computer Group plc                                   Tel: 01924 422111
Steve Wainwright, Finance & Commercial Director

Evolution Beeson Gregory                                 Tel: 020 7071 4300
Nick Rodgers / Bobbie Hilliam

College Hill                                             Tel: 020 7457 2020
Adrian Duffield/Clare Warren



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