Novae Group plc: Employee Benefit Trust Trading P

16 December 2016                                                                                 For immediate release

Novae Group plc

EMPLOYEE BENEFIT TRUST ("EBT") TRADING PLAN

Novae Group plc (the "Company") announces that the trustee of the EBT (the "Trustee"), has entered into a trading plan with the Company. The Trustee has absolute discretion and independence in respect of all trading decisions it may make in respect of the purchase of ordinary shares pursuant to the trading plan.

Under the trading plan, in the period running from 16 December 2016 to 16 June 2017, the Trustee will instruct Canaccord Genuity Limited as broker to acquire up to a maximum of 400,000 Ordinary Shares of £1.125 each in the Company for the EBT. While the Company is within a closed period, neither the Company nor the trustee will attempt to terminate the trading plan which has now been entered into.

Any purchases made by the Trustee will be announced to the market at the appropriate time.

The executive directors and persons discharging managerial responsibility of the Company, together with other employees, are potential beneficiaries under the EBT and are therefore treated as having an interest in such shares.

The Company's issued ordinary share capital consists of 64,425,640 Ordinary shares of £1.125 each.

This notification is made in accordance with Rule 3.1.4(1)(a) of the Disclosure and Transparency Rules.

Enquiries:

Alex Moon     -   Novae Group plc           020 7050 9000