Press Release

Suresnes, 4 October 2011

Buying projects

In the context of the court-supervised reorganisation of the French legal entity (redressement judiciaire) opened on July 28, 2011 by the Commercial Court of Beauvais, the receiver had set October 3, 2011 as the deadline for collecting all investment or buying projects.
On that date, the receiver has received about 15 projects. 6 of them preserve the majority of the French operations, and amongst these latter projects, three of them are also preserving the majority of ANOVO subsidiaries.
At this point, and given the deadlines, projects are subject to various conditions that candidates must raise in the coming days.
The administrator is confident about the successful completion of several of them to allow the Commercial Court of Beauvais in his hearing on October 28, 2011 to retain the project ensuring the sustainability of ANOVO operations and maximum employment.
Among the bidders are BBA SOLUTIONS, BUTLER CAPITAL PARTNERS, LDC, PHOENIX, REGENERSIS, SBE and investors around Mr. Jacob ABBOU.
Other projects focus only on isolated sites or subsidiaries.
Before any improvements on which the bodies of the procedure are working with candidates, several projects already show a level of investment of around 20 million euros.
Finally, the receiver declared he had received no continuity plan.
The Group will keep the market informed of all significant advances. Given the uncertainty about the outcome of the discussions, trading in ANOVO shares and convertible bonds remains halted.

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About ANOVO: ANOVO is the European leader in sustainable lifecycle management for consumer electronics. The Group offers companies and individuals Repair, Logistics and Extended Warranty solutions for telephones, computers, triple play set-boxes, game consoles, e-readers, GPS devices, touch screen tablets, etc. In this way, ANOVO makes it possible to extend the lifecycle of high-tech products, increase their value and reduce their environmental footprint. On that basis, every year, ANOVO offers a second life to more than 20 million products. In FY 2009/2010 ended 30 September, the Group had revenue of €344 million. For further information, please visit our website www.anovo.com.

Compartment C of NYSE Euronext Paris

Shares - ISIN: FR0010698217; TICKER: NOV; Index: CAC Small

Convertible bonds (OCEANE) - ISIN: FR0000181174; TICKER: YNO

ANOVO

Michel Rességuier

CEO

Tel.: +33 (0)1 71 04 30 00

ACTUS FINANCE Jérôme Fabreguettes-Leib Investor Relations/Shareholders Tel.: +33 (0)1 77 35 04 36

jfl@actus.fr

Bruno Della Mattia Communications Manager Tel.: +33 (0)1 71 04 30 00

bdellamattia@anovo.com

Anne-Catherine Bonjour

Media Relations

Tel.: +33 (0)1 53 67 36 93 acbonjour@actus.fr

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