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Novell, Inc. Announces Effectiveness of Previously Filed Registration Statement for Resale of 0.50% Convertible Senior Debentures

WALTHAM, Mass. | December 23, 2004

Novell, Inc. (NASDAQ: NOVL) announced today that the Securities and Exchange Commission has declared effective Novell's Registration Statement on Form S-3 relating to the resale of its 0.50% Convertible Senior Debentures due 2024 and the common stock issuable upon conversion of these debentures.

As previously announced, Novell issued $600,000,000 aggregate principal amount of the debentures in a private placement on July 2, 2004. At that time, Novell had agreed to register the debentures and underlying shares of common stock for resale. Today's announcement completes this process. Novell will not receive any of the proceeds from any resale of the debentures or underlying shares of common stock that may be made under the registration statement.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such states.

Forward looking statements

This statement contains “forward-looking” statements within the meaning of the “safe harbor” provision of the Private Litigation Reform Act of 1995. Such statements are based on management’s current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described in the forward-looking statements, as described in Novell’s periodic reports filed with the Securities and Exchange Commission.

About Novell

Novell, Inc. (Nasdaq: NOVL) is a leading provider of infrastructure software and services to over 50,000 customers in 43 countries. With more than 20 years of experience in data center, workgroup and desktop solutions, Novell's 6,000 employees, 5,000 partners and support centers around the world are meeting customer requirements for identity-driven computing and Linux solutions. By providing enterprise-class software and support for commercial and open source software, Novell delivers increased operating flexibility and choice at a lower total cost of ownership. More information about Novell can be found at http://www.novell.com.

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