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euro adhoc: november AG
Joint Ventures/Cooperation/Collaboration
november AG - Insolvency proceedings opened as expected - continuation of companies secured

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
01.12.2006
Erlangen, 01 December 2006. Today, the main insolvency proceedings
over the assets of the Erlangen based development and holding company
november AG (ISIN DE0006762909) have been opened by the local court
of Fürth. Attorney-at-law Volker Böhm, of firm Schultze & Braun, has
been appointed as insolvency administrator. He has already led the
proceedings in the preliminary phase and carried on negotiations with
miscellaneous potential investors. In the meantime, the insolvency
administrator has concluded a contract with a concrete investor, the
Biomed group located in Freiburg, an enterprise known in the
biotechnology and diagnostic sector, on the continuation of november
group as a whole, consisting of november AG and the subsidiaries
identif GmbH, directif GmbH, and PEQLAB Biotechnologie GmbH.
Insolvency proceedings are to be terminated by beginning of 2007 by
means of an insolvency plan. This would not, of course, concern
PEQLAB.
An insolvency plan, which will render possible a speedy termination
of the proceedings, will be established within the next few weeks.
end of announcement                               euro adhoc 01.12.2006 11:28:29

Further inquiry note:

Marcus Weichert
Leitung PR/IR
Telefon: +49(0)9131 75088 868
E-Mail: weichert@november.de

Branche: Biotechnology
ISIN: DE0006762909
WKN: 676290
Index: CDAX, Technologie All Share, Prime All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade

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