Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

26.09.2006

Erlangen, 26 September 2006. The Erlangen based development and
holding company november AG (ISIN DE0006762909) has filed for
insolvency today, 26 September 2006, with the local court of Fuerth
because of overindebtedness and imminent illiquidity.

end of announcement                               euro adhoc 26.09.2006 11:34:36

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