IDE - Ideco Group Limited - Change statement and notice of Annual General

IDE - Ideco Group Limited - Change statement and notice of Annual General       
Meeting                                                                         
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")")                                                     
CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING                           
Change statement                                                                
Shareholders are advised that the Annual Financial Statements of the Company for
the year ended 31 August 2011 will be posted on Friday, 9 March 2012 and contain
a modification to the reviewed financial results which were released on SENS on 
Tuesday, 29 November 2011. In the commentary to the financial results released  
on SENS on 29 November 2011, an acquisition of a subsidiary (formerly an        
associate) was treated as a business combination in terms of IFRS 3. This       
transaction does however not meet the definition of a business combination in   
terms of IFRS 3, and the treatment thereof has been amended as indicated in note
9 to the annual financial statements by accounting for the net liabilities (R460
000) assumed on acquisition of the subsidiary through profit or loss. The Annual
Report will be available on Ideco`s website at www.ideco.co.za.on               
29 February 2012.                                                               
Notice of annual general meeting                                                
Notice is hereby given that the annual general meeting of the Company will be   
held at Merton House, Eton Office Park East, 17 Harrison Avenue, Epsom Downs,   
Bryanston at 12:00 on Thursday, 26 April 2012 to transact the business as stated
in the notice of annual general meeting, forming part of the Annual Financial   
Statements.                                                                     
Johannesburg                                                                    
29 February 2012                                                                
Designated Advisor                                                              
Sasfin Capital                                                                  
(a division of Sasfin Bank Limited)                                             
Date: 29/02/2012 16:00:01 Supplied by www.sharenet.co.za                     
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