TR-1: Notification of Major Interest in Shares

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

Exillon Energy Plc

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

An acquisition or disposal of voting rights

X

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 the notification obligation: iii

Cypcoserve Limited as trustees of Caspian Minerals I Settlement

4. Full name of shareholder(s)

(if different from 3.):iv

Vidacos Nominees Limited

5. Date of the transaction and date on which the threshold is crossed or reached: v

01/04/2011

6. Date on which issuer notified:

01/04/2011

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

<50%

  8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of

shares

if possible using the ISIN CODE

Situation previous

to the triggering transaction

Resulting situation after the triggering transaction

Number

of

Shares

Number

of Voting Rights

Number

of shares

Number of voting

rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

IM.00B58FMW7.6

69,036,953

69,036,953

48,723,953

48,723,953

30.2%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/

Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

n/a

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

xv, xvi

Resulting situation after the triggering transaction

Type of financial

instrument

Exercise

price

Expiration date xvii

Exercise/

Conversion period xviii

Number of voting rights

instrument refers to

% of voting rights xix,

xx

n/a

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

48,723,953

30.2%

Proxy Voting:

10. Name of the proxy holder:

n/a

11. Number of voting rights proxy holder will cease to hold:

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

13. Additional information:

Pursuant to the company placing 23,438,000 new ordinary shares to institutional investors on 29 March 2011 and at the same time the Trustee sold 20,313,000 ordinary shares.

14. Contact name:

Anastassios Televantides

15. Contact telephone number:

+ 357 22 817 600