2008 Long Term Incentive Plan

IndigoVision Group plc

2008 Long Term Incentive Plan

IndigoVision Group plc (the "Company") announces that on 31 January 2012 it made an award in the form of nil cost options over an aggregate of 50,000 ordinary shares of 1p each in the capital of the Company ("Shares") under the 2008 Long Term Incentive Plan (the "LTIP") to Marcus Kneen, following his appointment to Chief Executive Officer. This brings the total number of shares subject to awards and options now held by Mr Kneen to 156,250.

The award will ordinarily vest on or around 31 January 2015 but only to the extent that certain performance criteria are satisfied over a specified three year performance period. 50% of the award is subject to the IndigoVision group achieving a 3 year compound annual growth in diluted earnings per share of 15-30% using a base point of 22.5 pence (being the average diluted earnings per share for the 3 years ending 31 July 2009 to 31 July 2011). The remaining 50% of the award is subject to the Company achieving a 3 year compound annual growth in total shareholder return of 20-40% from 30 January 2012. The percentage of shares that will vest will be pro-rated over the target ranges.

On vesting, the awards will become immediately exercisable in respect of 50% of the Shares (if any) to which Mr Kneen has become entitled, with the balance normally becoming exercisable after a further period of one year. The closing market value of a Share on 30 January 2012 was 330.0p. No consideration is payable for the grant of awards under the LTIP.

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