RNS Number:1032I
Indigo Vision Group PLC
28 February 2003

                          INDIGOVISION GROUP PLC

28 February 2003

RECOMMENDED PROPOSALS FOR THE RETURN OF 17p PER SHARE TO SHAREHOLDERS

On 11 December 2002, IndigoVision Group plc ("IndigoVision" or the "Company")
announced its intention to seek approval of shareholders and then of the Court,
for a return of at least #11 million of cash to shareholders.

Today IndigoVision announces the details of the proposed return to shareholders
of 17p per share in cash.



HIGHLIGHTS

*       IndigoVision is proposing to return 17p per share in cash to its
        shareholders.

*       Total cash returned will be in excess of #11.6 million.

*       The return is being structured as a Court-approved reduction of share
        capital and share premium account and will be accompanied by a share
        consolidation.

*       The return is conditional upon the approval of the shareholders of
        IndigoVision and the Court of Session.



Commenting on the announcement David Sibbald, IndigoVision's Chairman, said



" Today we are announcing the return of 17p per share to shareholders.  Your
Board has considered the various options open to the business as well as all of
the indications of interest received to date and is of the view that shareholder
value can best be delivered by a combination of re-focussing the Company's
business model and by returning excess cash to shareholders.  Subject to
shareholder and Court approval, monies are expected to be sent to qualifying
shareholders prior to the end of May 2003, although the exact date will depend
on the timetable of the Court."



Shareholders will be sent a circular today setting out in full the proposals
relating to the return of cash.  The approval of shareholders will be sought at
an Extraordinary General Meeting to be convened for 25 March 2003, notice of
which is contained in the circular.  The Record Date for the return will be
announced in due course.

                                    - Ends -



For further information please contact


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

Financial Dynamics
James Melville-Ross/Juliet Clarke       Telephone: + 44 (0)207 831 3113





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

MSCEAPAXAESDEFE