Update on Financing Plans

Noventa Limited

("Noventa" or the "Company")

Appointment of Jacob Securities as Agent for Canadian Special Warrant Offering

And Update on Financing Plans

19 July 2011

Noventa(AIM:NVTA; TSX:NTA; PLUS:NV) today announces that it has appointed Jacob Securities Inc. as its agent in Canada in connection with a proposed fundraising by way of special warrants. The special warrants will be issued by way of a private placement in Canada on a best efforts basis (the "Canadian Offering"). The Company intends on filing a short form prospectus in Canada to qualify the Company's ordinary 0.8p shares ("Ordinary Shares") into which the special warrants would be exchangeable.

Concurrently with the Canadian Offering, the Company intends to undertake a fundraising by way of a placing in the UK (the "UK Offering"). Following successful completion of the Canadian Offering and UK Offering, the Company intends to commence an open offer of Ordinary Shares to all qualifying shareholders (the "Open Offer") details of which will be provided to shareholders in due course. Religare Capital Markets plc continues to be the Company's broker in the UK for the purposes of this UK Offering. The Company will provide further information to the market at the appropriate time.

Each special warrant will be exchangeable into one Ordinary Share in the Company for no additional consideration and will be issued at the equivalent Canadian Dollar price as the concurrent UK Offering and subsequent Open Offer are undertaken in Pounds Sterling.

The closing of the Canadian Offering and UK Offering is subject to each such offering being successful as well as to customary conditions for such offerings.

For further information please contact:

Eric F. Kohn TD

Chairman

Noventa Limited

+41 22 8500560

+41 79 5030150

www.noventa.net

Nick Harriss/Emily Staples

Religare Capital Markets (UK) Limited (Nominated Adviser)

+44 20 7444 0800

Daniel BriggsReligare Capital Markets plc (Broker)+44 20 7444 0500

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain information contained or incorporated by reference in this release, including any information as to the Noventa's strategy, projects, plans, prospects, future outlook, anticipated events or results or future financial or operating performance, constitutes "forward-looking statements" within the meaning of Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements can often, but not always, be identified by the use of words such as "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "predicts", "potential", "continue" or "believes", or variations (including negative variations) of such words; or statements that certain actions, events or results "may", "could", "would", "should", "might", "potential to", or "will" be taken, occur or be achieved or other similar expressions concerning matters that are not historical facts. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made or incorporated in this press release are qualified by these cautionary statements.

Forward-looking statements are necessarily based on a number of factors, estimates and assumptions that, while considered reasonable by Noventa as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Readers are also cautioned that forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Noventa to differ materially from those expressed or implied in the forward-looking statements. Certain of these risks and uncertainties are described in more detail in Noventa's Annual Information Form dated March 15, 2010, which is available on SEDAR at www.sedar.com.

Although Noventa has attempted to identify statements containing important factors that could cause actual actions, event or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein are made as of the date of this document based on the opinions and estimates of management on the date statements containing such forward looking information are made, and Noventa disclaims any obligation to update any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward looking information.