EANS-News: november Aktiengesellschaft / Annual Shareholders´ Meeting May 17, 2011 in Cologne

november AG plans a significant capital reduction to cover losses

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Annual & Special Corporate Meetings

Subtitle: november AG plans a significant capital reduction to cover
losses

Köln (euro adhoc) - The november AG (WKN A0Z24E), 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 EUR
5.142.462,--, divided into 5.142.462 bearer shares, to EUR
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

end of announcement euro adhoc
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ots Originaltext: november Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Dr. Dirk Zurek
Vorstand
Tel.: +49 (0) 221 82200 520 10
E-Mail: ir@november.de

Branche: Biotechnology
ISIN: DE000A0Z24E9
WKN: A0Z24E
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade