Another Foreign Company Newly Listed On The WSE - Exillon Energy Plc Is The Fifth Foreign Company To Introduce Its Shares On The WSE This Year; Four Foreign Companies Have Been Newly Listed On The Main Market And One On NewConnect - The Company Produces Oil In Russia

Exillon Energy Plc is the 42^nd foreign issuer listed on the WSE Main Market and the fourth foreign company to be newly listed on this market in 2012. The issuer is also the 435^th company listed on the Main Market and the 15^th new listing on this market in 2012. The company is an oil producer in Russia and the biggest oil stock listed on the Warsaw Stock Exchange.

After today’s new listing, the WSE’s two stock markets list 49 foreign companies (42 on the Main Market and 7 on NewConnect) from several dozen countries including mainly Ukraine, the Czech Republic, Israel and Bulgaria. The WSE has previously taken many initiatives aiming to spike the interest of foreign issuers and investors in the Polish capital market. The key initiatives include the creation of a national index of Ukrainian stocks WIG-Ukraine in 2011 and an index of Central and Eastern European stocks WIG-CEE in May 2012.

“Activity aiming to strengthen the international position of the WSE, in particular in the region of Central and Eastern Europe, and to attract foreign issuers to the Warsaw Stock Exchange remains our top strategic priority. We are an attractive venue of raising capital for foreign issuers as listing on the WSE increases their exposure to investors active on the biggest and most liquid market in the region. We also want to strengthen the position of the Polish capital markets in the bigger regional space stretching between Moscow, Warsaw and Istanbul,” said Ludwik Sobolewski, CEO of the Warsaw Stock Exchange.

“The Warsaw Stock Exchange is now the biggest trading floor in Central and Eastern Europe which attracts more and more issuers and international investors. Exillon is listing on the WSE to expand our investor base. We already have some Polish pension and mutual funds as shareholders but we hope that our business profile, which combines large-scale production with proved reserves and has not yet been available to Polish investors, will encourage more entities from Poland and the region to invest in our stock. 

The Warsaw Stock Exchange is a good fit for our strategy and will be our second listing market after the London Stock Exchange, which will remain the primary listing market of Exillon Energy,” said Mark Martin, CEO of Exillon Energy. 

The new listing of Exillon Energy Plc on the WSE is not preceded by an offering of shares. The market value of the company listed on the London Stock Exchange’s main market is ca. PLN 1.1 billion (US$ 350 million). The production assets of Exillon Energy are situated in Western Siberia and the Timan-Pechora region. The group produces over 14,000 barrels of oil per day and its reserves audited under international standards (proved plus probable plus possible) are 400 million barrels of oil.