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

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

NEWS RELEASE

7 January 2013                                 
For immediate release

    

NOT FOR RELEASE, PUBLICATION  OR DISTRIBUTION IN THE  UNITED STATES OR IN  ANY 
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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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Source: Novae Group plc via Thomson Reuters ONE
HUG#1668540
 
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