EANS-Adhoc: Identive Group Inc. / Identive Group raises $10.35 million in private placement to support continuing growth

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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14.11.2010

SANTA ANA, Calif. and ISMANING, Germany, November 14, 2010 - Identive
Group, Inc. (NASDAQ: INVE; Frankfurt Stock Exchange: INV), a provider
of products, services and solutions for the security, identification
and RFID industries, today announced that it has entered into
subscription agreements for the private placement of up to 4,097,624
shares of its common stock to accredited and other qualified
investors in the United States and internationally. The anticipated
gross proceeds will be approximately $10.35 million, or $2.525 per
share, a premium of $0.125 over the NASDAQ closing price of the
Company´s shares on November 12, 2010. The Company also issued to
the investors warrants to purchase up to an additional 4,097,624
shares of common stock, exercisable for a period of five years, with
a cash exercise price of $2.65, a premium of $0.25 per share over the
NASDAQ closing price on November 12, 2010. If exercised in full, the
warrants would bring in an additional $10.86 million in cash to the
Company. The proceeds will be used to fund future acquisition and
growth activity and for general corporate purposes.

The securities will be issued in a private placement to accredited
and other qualified investors in the United States and
internationally in reliance upon available exemptions from the
registration requirements of the U.S. Securities Act of 1933,
including Section 4(2) thereof and Regulation D and Regulation S
thereunder, as well as comparable exemptions under applicable state
and foreign securities laws. Certain insiders and affiliates also
participated in the offering on the same terms and conditions. The
securities have not been registered under the Securities Act of 1933
and may not be offered or sold in the United States in the absence of
an effective registration statement or exemption from such
registration requirements. Pursuant to the terms of the subscription
agreements, the Company plans to file a registration statement with
the Securities and Exchange Commission following the closing of the
transaction to register the shares and shares underlying the warrants
for resale. The transaction is expected to close on or about
November 18, 2010.

end of ad-hoc-announcement ==========================================
====================================== About Identive Group Identive
Group, Inc. (NASDAQ: INVE; Frankfurt Stock Exchange: INV) is an
international technology company focused on building the world’s
signature group in secure identification-based technologies. The
businesses within Identive Group have deep industry expertise and are
well-known global brands in their individual markets, providing
leading-edge products and solutions in the areas of physical and
logical access control, identity management and RFID systems to
governments, commercial and industrial enterprises and consumers.
Identive’s growth model is based on a combination of strong
technology-driven organic growth from the businesses within the group
and disciplined acquisitive development. For additional info visit:
www.identive-group.com.

Safe Harbor Statement This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Forward-looking statements can be identified by
words such as “anticipates,” “believes,” “plans,” “will,” intends,
“expects,” and similar references to the future. Examples of such
statements include the expected closing date of the private placement
and potential growth opportunities for the Company. These statements
are based on current expectations or beliefs, as well as a number of
assumptions about future events that are subject to risks and
uncertainties that may cause actual results to differ materially from
those contemplated herein. Readers should not unduly rely on these
forward-looking statements, which are not a guarantee of future
performance and are subject to a number of risks and uncertainties,
many of which are outside our control, that could cause our actual
business and operating results to differ. Factors that could cause
actual results to differ materially from those in the forward-looking
statements include our ability to successfully complete the private
placement and our ability to execute our growth strategy. For a
discussion of further risks and uncertainties related to our
business, please refer to our public company reports, including our
Annual Report on Form 10-K for the year ended December 31, 2009 and
subsequent reports filed with the U.S. Securities and Exchange
Commission.

end of announcement euro adhoc
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ots Originaltext: Identive Group Inc.
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Herr Fabien B. Nestmann

Tel.: +49 89 9595-5544

E-Mail: investorrelations@identive-group.com

Branche: Computing & Information Technology
ISIN: US45170X1063
WKN: A1C0ZG
Index: Prime All Share, NASDAQ
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade
New York / regulated dealing