EXHIBIT 99.1

Liquidation of Cerplex S.A.S.
Unaudited pro forma financial information

On July 20, 1999, the management of Cerplex S.A.S.  ("SAS") requested assistance
from the  Commercial  Court of Lille,  France to  structure  a social plan for a
portion of the work force.  Upon  review,  the  Commercial  Court  declared  SAS
insolvent as of July 15, 1999 and opened bankruptcy  proceedings with respect to
SAS.  A  judicial  administrator  was  appointed  by the  Court  to  assist  the
management  of SAS in all its  activities  pending the  Court's  decision on the
development  of the  proceedings.  The  terms  of  assignment  of  the  judicial
administrator  included  reviewing  SAS's  condition and prospects and issuing a
recommendation relating to a plan of reorganization developed by SAS management.
While the administrator  was overseeing SAS's  operations,  the Company believed
that  a  plan  of  reorganization  would  be  adopted.  In the  event  that  the
administrator  could  not  support  a plan of  reorganization,  it would  become
necessary  to refer  the  case to a  liquidator  pursuant  to  Commercial  Court
guidelines.

On October 12, 1999, the Commercial Court, acting upon the recommendation of the
judicial administrator, ordered the liquidation of SAS. After the liquidation of
SAS was ordered,  the Company realized its investment in SAS was lost and should
therefore  be written  off as of July 20,  1999,  the date  Cerplex,  Inc.  lost
control of its subsidiary.  As a consequence of this order, SAS discontinued its
operations,  and the liquidator has laid off substantially all employees. As the
Company effectively lost control of its subsidiary on July 20, 1999, the Company
wrote-off its investment in SAS as of that date.

The liquidator is responsible for selling the assets and paying off the debts of
SAS. As a result of the cost of laying-off all  employees,  the value of the SAS
assets may not exceed its  liabilities.  There can be no assurance that Cerplex,
Inc.,  as  shareholder,  will  receive any  liquidation  proceeds.  Accordingly,
Cerplex,  Inc. has written off its  investment in SAS which totaled $6.2 million
at July 20, 1999. The $6.2 million  write-off is comprised of writing off assets
carried at $20.9 million,  liabilities carried at $13.8 million and intercompany
balances for SAS of $0.9 million.  Through July 20, 1999, SAS had sales of $27.6
million  and a net loss of $0.9  million.  These  amounts  are  included  in the
Company's consolidated financial statements reported herein. Thereafter, results
from SAS operations have been excluded.

Pro forma financial information.

The following  unaudited pro forma combined condensed  financial  information is
based upon the  historical  financial  statements  of the  Company  and has been
prepared to illustrate  the effects of the loss of control of SAS. The unaudited
pro  forma  combined  condensed  statement  of  operations  for the  year  ended
September 25, 1999 gives effect to the write-off of the investment and resulting
deconsolidation of SAS's operating results as if the write-off and the resulting
deconsolidation  of SAS's operating results had occurred at the beginning of the
fiscal year.

The unaudited pro forma combined condensed  statement of operations  information
is provided for  comparative  purposes only and is not indicative of the results
of operations  of the remaining  portion of the Company that would have occurred
had  the  liquidation  of SAS  occurred  at the  beginning  of the  fiscal  year
presented,  nor is it indicative of the future operating results.  The unaudited
pro forma  adjustments  are based  upon  currently  available  information.  The
unaudited pro forma combined condensed statement of operations should be read in
conjunction with the Company's consolidated financial statements and the related
notes,  included in the Company's  financial  statements  and the related notes,
included in the Company's fiscal 1999 Form 10-K.


<PAGE>

                          THE CERPLEX GROUP, INC.
      UNAUDITED PRO FORMA COMBINED CONDENSED STATEMENT OF OPERATIONS
                   For the Year Ended September 25, 1999
            (In Thousands, except share and per share amounts)

<TABLE>
<CAPTION>
                                                                              Historical                     Pro forma
                                                                               For the                        For the
                                                                                 Year                           Year
                                                                                Ended                          Ended
                                                                            September 25,     Pro forma    September 25,
                                                                                 1999        Adjustments        1999
                                                                            ------------------------------------------------
                                                                             The Cerplex                    The Cerplex
                                                                             Group, Inc.                    Group, Inc.
                                                                                 and          Cerplex,       excluding
                                                                             Subsidiaries      S.A.S.      Cerplex S.A.S.
                                                                            ------------------------------------------------
<S>                                                                         <C>                 <C>            <C>
Net revenues                                                                      $ 93,346        $(27,571)      $ 65,775
Cost of sales                                                                       89,661         (28,754)        60,907
                                                                                ----------      ----------     ----------
Gross profit                                                                         3,685           1,183          4,868
Selling, general and administrative expense                                         22,304          (3,875)        18,429
Amortization of intangibles, including write-off of $18,375, historical             24,295          (5,478)        18,817
Reduction in accruals                                                               (2,006)                        (2,006)
Loss on deconsolidation of French subsidiary                                         6,176          (6,176)(A)         --
                                                                                ----------      ----------     ----------
Operating loss                                                                     (47,084)         16,712        (30,372)
Interest expense                                                                    (6,415)                        (6,415)
Other income (expense), net                                                          1,617          (4,178)        (2,561)
                                                                                ----------      ----------     ----------
Loss from continuing operations before provision for income taxes                  (51,882)         12,534        (39,348)
Provision for income taxes                                                              10                             10
                                                                                ----------      ----------     ----------
Loss from continuing operations                                                 $  (51,892)       $ 12,534       $(39,358)
                                                                                ==========         =======        =======
Income (loss) per share of common stock:
     Basic and diluted loss on continuing operations                            $  (7.08)                      $  (5.37)
                                                                                ==========                       ========
Weighted average number of common shares outstanding                                 7,333                          7,333
                                                                                   =======                       ========
</TABLE>

                            THE CERPLEX GROUP, INC.
    NOTES TO UNAUDITED PRO FORMA COMBINED CONDENSED STATEMENT OF OPERATIONS

(A) To exclude the $6,176 loss on the loss of control of the subsidiary.