Exillon Energy Appoints New Chairman (5951F)

TIDMEXI

RNS Number : 5951F

Exillon Energy Plc

28 April 2011

Exillon Energy plc

Exillon Energy Appoints New Chairman

28 April 2011 - Exillon Energy plc ("Exillon Energy", the "Company" or the "Group") (EXI.LN), a British listed independent oil company with assets in two oil-rich regions of northern Russia, Timan-Pechora ("Exillon TP") and West Siberia ("Exillon WS"), is pleased to announce that it has appointed David Herbert as a Non-Executive Chairman of the Board and Maksat Arip as a CEO of the Group's subsidiary holding companies.

Dr. Herbert has more than 20 years experience in investment banking, including most recently as Managing Director and Head of International Corporate Finance at ING Bank N.V. Dr. Herbert also has considerable experience in the oil and gas industry, having worked for more than 10 years at BP, where he served in a variety of senior management positions. He has also held various non-executive director and advisory roles with significant resource and advisory businesses in Russia and the CIS. After receiving his first degree in economics from the University of Dublin, Dr. Herbert went on to complete his doctorate at Brunel University, where he taught for eight years.

Maksat Arip's new position as CEO of the Group's subsidiary holding companies will allow him to concentrate on the day-to-day management of the Company's operations, as well as the development and implementation of the Group's strategy.

Media Contact:

Tom Blackwell

Blackwell@mcomgroup.com +44 207 920 2330

This information is provided by RNS

The company news service from the London Stock Exchange

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