IGG: New HoldCo in Jersey to create capital flexibility and 1H26 revenues in line

Research evidence excerpt

IGG: New HoldCo in Jersey to create capital flexibility and 1H26 revenues in line

IG Group Holdings plc

Not Rated (NR): The rating, price targets and estimates have been removed due to applicable legal, regulatory or policy constraints

which may include when RBC Capital Markets is acting in an advisory capacity involving the company.

Risk Rating

The Speculative risk rating reflects a security's lower level of financial or operating predictability, illiquid share trading volumes,

high balance sheet leverage, or limited operating history that result in a higher expectation of financial and/or stock price volatility.

Distribution of ratings

For the purpose of ratings distributions, regulatory rules require member firms to assign ratings to one of three rating categories -

Buy, Hold/Neutral, or Sell - regardless of a firm's own rating categories. Although RBC Capital Markets' ratings of Outperform (O),

Sector Perform (SP), and Underperform (U) most closely correspond to Buy, Hold/Neutral and Sell, respectively, the meanings are

not the same because our ratings are determined on a relative basis.

RBC Capital Markets, Equity Research

As of 30-Jun-2026

Investment Banking

Serv./Past 12 Mos.

Rating Count Percent Count Percent

BUY [Outperform] 927 57.94 290 31.28

HOLD [Sector Perform] 626 39.12 161 25.72

SELL [Underperform] 47 2.94 3 6.38

Rating and price target history for: IG Group Holdings PLC, IGG LN as of 07-Jul-2026 (in GBp)

14-Jul-2023 22-Jan-2024 26-Jan-2024 31-May-2024 31-Jul-2024 20-Dec-2024 13-Aug-2025 19-Mar-2026 19-May-2026

Rtg:O Rtg:O Rtg:O Rtg:O Rtg:O Rtg:O Rtg:O Rtg:O Rtg:O

Target: 950.00 Target: 975.00 Target: 950.00 Target: 1,000.00 Target: 1,100.00 Target: 1,150.00 Target: 1,275.00 Target: 1,600.00 Target: 1,850.00

2,000

1,800

1,600

1,400

1,200

1,000