Notification of Major Interest in Shares

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Exillon Energy

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Charlemagne Capital (IOM) Limited, on behalf of managed funds detailed below.

4. Full name of shareholder(s)  (if different from 3.):iv

§ Charlemagne New Frontiers Fund

§ Magna Eastern European Fund

§ Magna New Frontiers Fund

§ Magna Russia Fund

§ Magna Global Emerging Markets Fund

§ Manulife Russia Equity Fund

§ Manulife Emerging Eastern Europe Fund

§ Nomura Funds Ireland Plc / Global Emerging Markets Fund

§ Stichting MM Emerging Markets Fund - Eastern Europe, Middle East and Africa Portfolio

§ Aerion Fund Management Limited as Agent for National Grid UK Pension Scheme Trustee Limited in its Capacity as Trustee of the National Grid UK Pension Scheme

§ Charlemagne Global Opportunities Fund

§ OCCO Eastern European Fund

§ Northern Trust Luxembourg Management Company SA for and on Behalf of Univest / Emerging Markets Equities

§ Colonial First Statement Investments Limited / Commonwealth Emerging Markets Fund 4 / Charlemagne Emerging Markets

§ MLC Investments Limited / National Corporate Investment Services Limited / WM Pool, Equities Trust No. 21 ARSN 123 294 226

§ Charlemagne Global Emerging Markets Fund

§ Oaks Global Opportunities Limited

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

23/09/2011

6. Date on which issuer notified:

30/09/2011

7. Threshold(s) that is/are crossed orreached: vi, vii

3%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

IM00B58FmW76

5,080,519

5,080,519

4,660,519

4,660,519

2.89%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

4,660,519

2.89%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

14. Contact name:

Chris Wilson

15. Contact telephone number:

01624 640211