Annual Shareholders´ Meeting May 17, 2011 in Cologne

november AG plans a significant capital reduction to cover losses

The november AG, listed in the Prime Standard of the German Stock Exchange (Deutsche Börse) is holding its General Meeting on May 17, 2011 at the Mediapark, Cologne.

Most important item of the agenda is the resolution on a capital reduction of the nominal capital in simplified form by combining of shares for the purpose of covering losses.

To cover losses, november AG plans to reduce the share capital by a simplified capital decrease in the ratio 5:1 from presently € 5.142.462,--, divided into 5.142.462 bearer shares, to € 1.028.492,--, divided into 1.028.492 bearer shares, according to the regulations of a debt-equity-swap (§§ 229 ff AktG).

This capital reduction shall cover accumulated losses of previous years. The measures complete the restructuring activities of the last few years and shall make november AG suitable again for capital markets.

By focusing on the core business, the certification and significantly increased sales and earning rates of PROGEN Biotechnik GmbH, november AG for the first time in its history has a profitable core business with PROGEN Biotechnik GmbH and the objective is to develop and expand this business.

For further information on the upcoming General Meeting on May 17, 2011 please refer to: hv.november.de