RNS Number:1529L
Indigo Vision Group PLC
15 May 2003


                             INDIGOVISION GROUP PLC

                    UPDATE ON RETURN OF CASH TO SHAREHOLDERS

                        AND ANNOUNCEMENT OF RECORD DATE


15 May 2003


IndigoVision Group plc (the "Company") (LSE: IND) announces that a Court hearing
seeking confirmation of its proposed reduction of its share premium account and
share capital (a proposal which would result in the return of 17p per share to
shareholders (in excess of #11.7 million in aggregate)) has been scheduled for
Tuesday 20 May 2003.


Accordingly, the Record Date for the return of cash will be Monday 19 May 2003.
Only those persons registered in the Company's register of members as at close
of business on the Record Date will be entitled to participate in the return of
cash.


Subject to confirmation being obtained at the Court hearing, the Court order
confirming the return of cash will be registered with the Registrar of Companies
on Wednesday 21 May 2003 (the "Effective Date"). With effect from close of
business on the Effective Date every 10 issued ordinary shares of 0.1p resulting
from the share capital reduction will be consolidated into an ordinary share of
1p. Application will be made to the UK Listing Authority for the 6,919,976
ordinary shares of 1p each which will be in issue immediately following the
consolidation to be admitted to the Official List and to the London Stock
Exchange for these shares to be admitted to trading. Admission of and
commencement of dealings in such shares is expected to commence on Thursday 22
May 2003, being the business day immediately following the Effective Date.


Subject to Court confirmation being obtained, monies are expected to be sent to
qualifying shareholders prior to the end of May 2003. For those shareholders who
hold their shares in certificated form, new share certificates will be sent
along with the cheques for the relevant monies.


If any of the above dates should change, revised dates will be notified to
shareholders by an announcement on a Regulatory Information Service.




For further information, please contact:-

IndigoVision
Oliver Vellacott (CEO)               Telephone: + 44 (0)131 475 7200



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