Exillon Energy Reports “B” Gradings from the Rating Agencies

Exillon Energy plc, a London Premium listed independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora and West Siberia, today announces ratings from S&P and Fitch.

Exillon is pleased to announce that it has received the following debt ratings:

·    S&P: rated B (stable outlook)

·    Fitch: rated B- (positive outlook)

Further details of these ratings will be announced directly by the ratings agencies concerned.

Exillon’s last reported cash balance (as of 21 March 2013) was US$121.2 million.  Of this total cash balance, US$100 million has been borrowed from Credit Suisse, under a term loan that matures in March 2017.  This is currently our only outstanding indebtedness.  The balance of US$21.2 million is our net available cash.  Our EBITDA during the 2012 fiscal year was US$46.1 million.

Mark Martin, CEO said:

“Exillon is always open to opportunities to improve the terms of its credit facilities.  These two ratings are evidence of the growing maturity of our business, and enhance our flexibility to take advantage of market opportunities as and when they arise.”

“In the event that we raise any new debt it would in the first instance be used to repay our existing loan, which matures in 2017.”

Exillon also announces that it has published its Annual Report and Accounts for 2012 and can be viewed on www.exillonenergy.com. The Report has also been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.