2008 7.0% convertible bonds

13 November 2007 For immediate release Novae Group plc 2008 7.0% convertible bonds ("Convertible Bonds") Novae Group plc ("Novae"), the specialist insurance business, announces in accordance with paragraph 12.5.2 of the Listing Rules that it has today purchased £22,348,051 (nominal value) Convertible Bonds at par plus accrued interest calculated on a daily pro rata basis. All the purchased Convertible Bonds will be cancelled. Following this purchase, Novae has £27,651,949 (nominal value) Convertible Bonds in issue out of an original issue size of £50,000,000 (nominal value). This forms part of the buy back programme which was announced on 7 November 2007. - ENDS - For further information: Oliver Corbett (Novae Group plc) 020 7903 7300 John MacGowan (ABN Hoare Govett) 020 7678 1084 ---END OF MESSAGE---