17 Dec 2013 16:52
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM, ANY RESTRICTED JURISDICTIONS OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS.
FOR IMMEDIATE RELEASE 17 December 2013
Statement regarding Exillon Energy plc ("Exillon")
On 4 December 2013, Seneal International Agency Ltd ("Seneal"), a company ultimately controlled by Alexei Khotin who is the ultimate beneficial owner of the RusOil group, announced that it had acquired 29.99% of Exillon's issued share capital from Mr. Maksat Arip and that it was reviewingpotential opportunities including the possibility of making an offer for the remaining issued share capital of Exillon.
Seneal now confirms that it does not intend to make an offer for the remaining issued share capital of Exillon.
As a result of this announcement, Seneal will, except with the consent of the Panel, be bound by the restrictions contained in Rule 2.8 of the the City Code on Takeovers and Mergers (the "Takeover Code"). Seneal reserves the right (on behalf of itself and anyone acting in concert with it) to make or participate in an offer for Exillon (and/or take any other action which would otherwise be restricted under Rule 2.8 of the Takeover Code) within the next six months following the date of this announcement in the circumstances set out in Note 2 on Rule 2.8 of the Takeover Code.
Enquiries:
Angelo Morganti, Sberbank-CIB Phone: +7 (495) 258 0502
Publication of this announcement
A copy of this announcement will be available, subject to certain restrictions relating to persons resident in any restricted jurisdictions, on www.rus-oil.com no later than 12:00 noon (London time) on the business day following the date of this announcement in accordance with Rule 30.4 of the Code.