Novell Announces Extension of Consent Solicitation

Novell Announces Extension of Consent Solicitation

Novell, Inc. (NASDAQ: NOVL) today announced that it has extended until 5:00 p.m., New York City time, on Monday, November 6, 2006, its solicitation of consents (the “consent solicitation”) from the holders of its 0.50% convertible senior debentures due 2024 (CUSIP Nos. 670006AB1 and 670006AC9). The purpose of the consent solicitation is to obtain consent to amend certain provisions of the indenture pursuant to which the debentures were issued and to obtain a waiver of rights to pursue remedies available under the indenture with respect to certain alleged defaults thereunder. The consent solicitation was scheduled to expire at 5:00 p.m., New York City time, on Thursday, November 2, 2006. All holders of the debentures who have previously delivered consents do not need to redeliver such consents or take any other action in response to this extension.

All other provisions of the consent solicitation with respect to debentures as set forth in Novell’s consent solicitation statement, dated October 17, 2006, as supplemented on October 31, 2006, remain applicable. Novell reserves the right to further amend the consent solicitation for the debentures or further extend the expiration time in its sole discretion.

Citigroup Corporate and Investment Banking is serving as the solicitation agent for the consent solicitation. Questions regarding the consent solicitation may be directed to Citigroup Corporate and Investment Banking at (800) 558-3745 (toll-free) or (212) 723-6106.

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