RNS Number:6836R
AIM
05 November 2003


      ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN 
                         ACCORDANCE WITH AIM RULE 2

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME:
IndigoVision Group Plc

COMPANY ADDRESS:
The Edinburgh Technopole, Bush Loan, Edinburgh

COMPANY POSTCODE:
EH26 0PJ

COUNTRY OF INCORPORATION:
Scotland

COMPANY BUSINESS:
Design, manufacture and sale of hardware and software products for the
transmission, recording, viewing and management of video over IP networks
(targeting primarily CCTV applications)

DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, 
nominal value and issue price):
6,919,976 Ordinary Shares of 1p each

CAPITAL TO BE RAISED ON ADMISSION:
None

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Oliver Vellacott       Chief Executive Officer
Barry Keepence         Chief Technology Officer
Marcus Kneen           Chief Financial Officer
Hamish Grossart        Non-executive Director
Robert Cathery         Non-executive Director

PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A
PERCENTAGE OF THE ISSUED SHARE CAPITAL STATING WHETHER BEFORE OR AFTER
ADMISSION:
Holder                         Number of Shares                   %
Dr Oliver R Vellacott                 1,080,000              15.77%
3i Group plc                            572,629               8.28%
Erudite Limited                         491,165               7.10%
Paul Curtis                             325,000               4.69%
Jeffrey Rubins                          305,000               4.41%

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 
2, PARAGRAPH (G) OF THE AIM RULES:
None

ANTICIPATED ACCOUNTING REFERENCE DATE:
31 July

EXPECTED ADMISSION DATE:
12 December 2003

NAME AND ADDRESS OF NOMINATED ADVISER:
Brewin Dolphin Securities Limited
48 St Vincent Street
Glasgow
G2 5TS

NAME AND ADDRESS OF BROKER:
Bell Lawrie White
(a division of Brewin Dolphin Securities Limited)
48 St Vincent Street
GLASGOW
G2 5TS

DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE
AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE
APPLICANT AND THE ADMISSION OF ITS SECURITIES:
www.indigovison.com

DATE OF NOTIFICATION:
5 November 2003

NEW/ UPDATE (see note):
New

QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:

THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES HAVE 
BEEN TRADED:
Official List / Main Market of the London Stock Exchange

THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:
2 August 2000

CONFIRMATION THAT THE APPLICANT HAS ADHERED TO ANY LEGAL AND REGULATORY
REQUIREMENTS INVOLVED IN HAVING ITS SECURITIES TRADED UPON SUCH A MARKET:
Confirmed

AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH THE
APPLICANT HAS MADE PUBLIC OVER THE LAST TWO YEARS (IN CONSEQUENCE OF HAVING ITS
SECURITIES SO TRADED) ARE AVAILABLE:
www.indigovison.com

DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE
OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY:
IndigoVision's strategy is to grow the sales of its IP Video products to bring
the company to cash breakeven as soon as possible.  It will grow sales by (a)
acquiring some new system integrator partners (b) growing the flow of projects
through existing partners (c) benefiting from an increasing market shift from
analog CCTV to IP Video (d) pushing new products through its existing channels. 
The analog CCTV market is expected to migrate to the use of IP Video over the
next few years and IndigoVision's overall strategy is to benefit from what is
expected to be a rapid market growth by being one the leading players.

A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE
APPLICANT, WHICH HAS OCCURRED SINCE THE END OF THE LAST FINANCIAL PERIOD FOR
WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED:
There has been no significant change in the financial or trading position of the 
Group since 31 July 2003.

A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT
ITS WORKING CAPITAL WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE
DATE OF ITS ADMISSION:
The Directors have no reason to believe that the working capital of IndigoVision
Group plc will not be sufficient for at least twelve months from the date of its
admission to AIM.

DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:
None

A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S SECURITIES:
CREST

A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES:
www.indigovision.com

INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT 
CURRENTLY PUBLIC:
None

A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT AND
ACCOUNTS WHICH MUST HAVE A FINANCIAL YEAR END NOT MORE THEN NINE MONTHS PRIOR TO
ADMISSION.  THE ACCOUNTS MUST BE PREPARED ACCORDING TO UK OR US GAAP OR
INTERNATIONAL ACCOUNTING STANDARDS.
www.indigovision.com


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