Press Release

Suresnes, 16 September 2011

Press release

Following press articles published recently, ANOVO states that the Board of Directors held today agreed to strengthen the Group's management by appointing Mr. Bruno Ziegler Deputy Chief Executive Officer alongside Mr. Michel Resseguier, CEO, and Mr. Philippe Favre, Deputy Chief Executive Officer.

Bruno Ziegler, 53, Science Po Grenoble, MBA from the University of Denver has held management positions at IBM, Lexmark, Epson, before presiding Europarts, world leader in the distribution of computer parts. Mr. Ziegler is an expert in Customer Service for high- technology products. He has joined the ANOVO Group in 2011 to develop the regeneration activity.

In addition, the Board of directors acted the resignation of Mr. Christophe Lienard from its directorship.

ANOVO Group team remains focused on the needs of its clients and the achievement of sustainable solutions to best preserve the interests of employees, customers, suppliers and shareholders.

The Group will keep the market informed of all significant advances. Given the uncertainty about the outcome of the discussions, trading in ANOVO shares and convertible bonds remains halted.

Financial information on ANOVO by e-mail may be received at no cost by registering at www.anovo.com.

About ANOVO: ANOVO is the European leader in sustainable lifecycle management for consumer electronics. The Group offers companies and individuals Repair, Logistics and Extended Warranty solutions for telephones, computers, triple play set-boxes, game consoles, e-readers, GPS devices, touch screen tablets, etc. In this way, ANOVO makes it possible to extend the lifecycle of high-tech products, increase their value and reduce their environmental footprint. On that basis, every year, ANOVO offers a second life to more than 20 million products. In FY 2009/2010 ended 30 September, the Group had revenue of €344 million. For further information, please visit our website www.anovo.com.

Compartment C of NYSE Euronext Paris

Shares - ISIN: FR0010698217; TICKER: NOV; Index: CAC Small

Convertible bonds (OCEANE) - ISIN: FR0000181174; TICKER: YNO

ANOVO

Michel Rességuier

CEO

Tel.: +33 (0)1 71 04 30 00

ACTUS FINANCE Jérôme Fabreguettes-Leib Investor Relations/Shareholders Tel.: +33 (0)1 77 35 04 36

jfl@actus.fr

Bruno Della Mattia Communications Manager Tel.: +33 (0)1 71 04 30 00 bdellamattia@anovo.com

Anne-Catherine Bonjour

Media Relations Tel.: +33 (0)1 53 67 36 93 acbonjour@actus.fr