Novae Group plc - Purchase of 6.50 per cent Bonds due 2017 (XS0762434099) for cancellation

07 January 2013

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7 January 2013                                                                For immediate release

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Novae Group plc

Purchase of 6.50 per cent Bonds due 2017 (XS0762434099) for cancellation

On 3 January 2013, Novae Group plc ("Novae" or the "Company") announced its intention to purchase up to 12.5 per cent of the 6.50 per cent Bonds due 2017 (the "Bonds") currently in issue with a maturity date of 27 April 2017.

Novae today announces the purchase of 12.5 per cent of the Bonds, in addition to accepting a further 4.18 per cent of the Bonds (purchases of 16.68 per cent of the Bonds in aggregate), for total consideration of £10,000,000 excluding accrued interest. Including accrued interest, the total consideration is £10,521,601.

Following these purchases and the subsequent cancellation of the relevant Bonds, £49,935,000 (outstanding principal amount) of the Bonds will remain in issue.

For further information:

Matthew Fosh         -   Novae Group plc           020 7903 7300

Nick Miles              -   M:Communications       020 7920 2330

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