IDE - Ideco Group Limited - Further cautionary announcement

IDE - Ideco Group Limited - Further cautionary announcement                     
Ideco Group Limited                                                             
Incorporated in the Republic of South Africa                                    
Registration number 2001/023463/06                                              
Share code: IDE                                                                 
ISIN code: ZAE000107579                                                         
("Ideco" or "the company")                                                      
Further Cautionary Announcement                                                 
Shareholders are referred to the cautionary announcement, dated 22 June 2011,   
and are advised that Ideco has entered into negotiations with the management    
of Ideco Biometric Security Solutions (Proprietary) Limited ("IBSS") in terms   
of which the management of IBSS will acquire the assets and liabilities of      
("IBSS") as a going concern ("the Proposed Transaction"). The Proposed          
Transaction will not impact on the current operations of IBSS.                  
Shareholders are advised that Ideco is currently finalising certain aspects     
of the Proposed Transaction and therefore shareholders should continue to       
exercise caution when dealing in the company`s securities until a full          
detailed terms announcement is released.                                        
23 June 2011                                                                    
Bryanston                                                                       
Designated Advisor to the company                                               
QuestCo Sponsor (Pty) Ltd                                                       
Date: 23/06/2011 16:00:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.