IDD ID Data

RNS Number:0181U
ID Data Group PLC
30 March 2007

30 March 2007

   Not for release, publication or distribution in or into the United States,
                           Canada, Japan or Australia

                               ID DATA GROUP PLC
                          ("ID Data" or the "Company")


                                  Fundraising

                  Appointment of nominated adviser and broker

ID Data (AIM:IDD), the provider of secure, card-based transaction systems and
services to the retail, government, bank and financial sectors, today announces
that it has raised a total of #2.4 million (before costs).

The fundraising comprises: a placing of 107,500,000 new ordinary shares at a
placing price of 1p per share raising #1.1 million (the "Placing"); an issue of
unquoted secured convertible loan notes raising #0.3 million; and a new
equipment lease raising #1.0 million. The proceeds of the fundraising will be
applied to repay the interim working capital and loan finance of #1.25 million
announced in October 2006 and to provide additional working capital for the
Company.

Application has been made for the admission of the new ordinary shares (which
will rank pari passu with the Company's existing issued ordinary shares) to
trading on AIM and this is expected to take place later today. Following the
Placing, ID Data will have a total of 1,298,929,729 ordinary shares in issue. ID
Data's Chief Executive, Peter Cox, has invested #100,000 pursuant to the Placing
through his pension fund and as a result will be beneficially interested in
132,355,513 ordinary shares (representing approximately 10.2% of the Company's
issued share capital as enlarged by the Placing). The secured 7% convertible
loan stock is convertible at the Placing price and is repayable in August 2008.

With effect from today, Smith & Williamson Corporate Finance Limited has been
appointed as the Company's nominated adviser and broker.

Peter Cox, ID Data's Chief Executive, commented "I am delighted to have secured
the continued support of a number of ID Data's existing major institutional
shareholders and to have replaced the interim funding with the equipment lease.
We are confidently looking forward to a period of increased activity having
achieved significant reductions in our cost base last year".

For further information, please contact:

ID Data Group plc
Peter Cox                        01730 235700
peter.cox@iddata.com

Smith & Williamson Corporate Finance Limited
Azhic Basirov                   020 7131 4000
David Jones

Media Enquiries

Henry Harrison-Topham / Chris Lane 020 7398 7700
henry.ht@abchurch-group.com

This announcement does not constitute, or form part of, an offer, or any
solicitation of any offer to purchase or subscribe for securities in the
Company.



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

END
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