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Thursday 08 May, 2008

Takeover Panel

Statemnt re Novera Energy Plc

Takeover Panel
08 May 2008


                               NOVERA ENERGY PLC

                          HARRIER ACQUISITIONS LIMITED

                          INFINIS ACQUISITIONS LIMITED

Following recent representations made by the advisers for Novera, the Panel
Executive has been considering the application of Rule 2.4(b) of the Code to the
approaches by both Harrier and Infinis to Novera.  Following discussions with
all parties' advisers, the Panel Executive has ruled that, unless the Panel
Executive consents otherwise, each of Harrier and Infinis must, by 5.00pm on 2
June 2008, either announce a firm intention to make an offer for Novera under
Rule 2.5 of the Code or announce that it does not intend to make an offer for
Novera.  In the event that either Harrier or Infinis announces that it does not
intend to make an offer for Novera, that party and any person(s) acting in
concert with it will, except with the consent of the Panel Executive, be bound
by the restrictions contained in Rule 2.8 of the Code for six months from the
date of such announcement.

Each of the parties has accepted this ruling.

8 May 2008

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