Exillon announced the resignation of five Board Directors. David Herbert (Chairman), Mark Martin (CEO), Stuard Detmer (Senior Independent Director), Anne Belveze (Independent Director) and Ezio Bracco (Independent Director) have informed the Company that they intend to resign their positions as Directors of Exillon. It is expected that, when delivered, the resignations will be effective immediately.

Alexander Suchkov (Deputy CEO) and Sergey Koshelenko (Non-Executive Director) remain Board Directors. The remaining two directors intend to appoint a new executive director, Pavel Chernienko, to the board immediately upon receipt of the five resignations. Mr. Chernienko is currently the Deputy CEO of Rusoil.