RNS Number:0290N
ICAP PLC
1 July 2003


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY
ICAP PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST
ZIONS BANCORPORATION


3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18
AS IN 2


4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.
SEE LETTER BELOW


5)   Number of shares/amount of stock acquired.
 -


6)   ( - %) of issued Class


7)   Number of shares/amount of stock disposed
5,941,080


8)   ( 5.2 %) of issued Class


9)   Class of security
ORDINARY SHARES OF 50P EACH


10)  Date of transaction
01.07.03


11)  Date company informed
01.07.03


12)  Total holding following this notification
NIL

               
13)  Total percentage holding of issued class following this notification
NIL


14)  Any additional information



15)  Name of contact and telephone number for queries
HELEN BROOMFIELD
020 7463 4388


16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification    1 JULY 2003


Letter to ICAP plc

We hereby notify you pursuant to Section 198 of the Companies Act 1985 that we 
have disposed of our entire shareholding in ICAP plc. We therefore no longer 
have a notifiable interest in ICAP plc.

Letter from Zions Bancorporation



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

HOLEASXFELADEFE