Intergroup’s Board of Directors agrees to a US$74.8mm capital increase

As a consquence of the offering of Intergroup Financial Services Corp. (“Intergroup”)’s shares, which took place on June 20,2007, Intergoup’s Board of Directors has agreed to the following:

1. Authorize the issuance of 7,692,308 common shares of capital stock in Intergroup.
2. Set, according to parameters authorized by a Board of Directors agreement of June 18,2007, the issue value of common shares at US$9,72 per share. As a consequence, paid-in capital will increase by US$74,769,233.76, from US$821,215,632.60 to US$895,984,866.36.

Please, download the press release here.