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
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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.

Further inquiry note:
Herr Fabien B. Nestmann
Tel.: +49 89 9595-5544
E-Mail: [email protected]
end of announcement euro adhoc
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issuer:      Identive Group Inc.
             Carnegie Ave., Bldg. B  1900 
             US-CA 92705  Santa Ana
phone:       +1 949 553 4280
FAX:         +49 89 9595-5555
mail:        [email protected] 
WWW:         http://www.identive-group.com
sector:      Computing & Information Technology
ISIN:        US45170X1063
indexes:     Prime All Share, NASDAQ
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Hamburg, Stuttgart, Düsseldorf, München, regulated dealing: New
             York 
language:    English

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