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

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WALTHAM, Mass. — Dec. 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 information solutions that deliver secure identity management (Novell Nsure™), Web application development (Novell exteNd™) and cross-platform networking services (Novell Nterprise™), all supported by strategic consulting and professional services (Novell Ngage^SM). Active in the open source community with its Ximian® and SUSE Linux brands, Novell provides a full range of Linux products and services for the enterprise, from the desktop to the server. Novell’s vision of one Net – a world without information boundaries – helps customers realize the value of their information securely and economically. For more information, call Novell’s Customer Response Center at (888) 321-4CRC (4272) or visit http://www.novell.com. Press should visit http://www.novell.com/pressroom.

Press Contact:

Bruce Lowry
Novell, Inc
Phone: (415) 383-8408
E-mail: blowry@novell.com

Investor Relations Contact:

Bill Smith
Novell, Inc.
Phone: 800-317-3195
E-Mail: bsmith@novell.com