Estonian Electricity Producer to Gain Business Process Efficiency and Position Visibility

Zurich, Switzerland, November 30, 2010 - Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today that Eesti Energia will implement the Allegro 8 platform to support their power, fuel and emissions trading operations.  Eesti Energia needed a single, integrated platform that would provide enhanced business process efficiency, position visibility and decision making.

Eesti Energia, an Estonian state-owned electricity and mining company, produces and delivers energy and oil to the electricity markets in Estonia, Latvia, Lithuania and Finland. The company produces energy through oil shale as fuel, which is extracted from its mines, and renewable energy from power stations.

“We needed to replace our present systems with a system that could improve the efficiency of our critical processes and keep pace with the needs of our growing company,” said Eesti Energia Energy Trading Business Unit Director, Margus Vals.  “Allegro 8 will allow us to optimize our operations with credit, contract and data management, exposure monitoring, simulation tools and flexible reporting.”

The Allegro 8 platform will give Eesti Energia the tools to maximize the efficiency of its multi-commodity business, to provide:

• Improved trader productivity with automated deal capture, single deal entry, trader templates and defaults, and automated limit breach tracking and alerts
• Transparency into positions for enhanced decision making, with “what-if” scenarios, automated risk valuation, and Mark-to-Market (MtM) reporting
• Credit risk and collateral management, with the ability to calculate daily margin calls, run market and credit simulations, and analyze reverse exposure
• Visibility into carbon emission allowances with full integration of emissions positions alongside the rest of the portfolio
• Automated access to Bloomberg financial and commodity data with Allegro’s Price Connect component
• Seamless integration of the company’s existing Oracle enterprise resource planning (ERP) system with Allegro’s ERP Connect component

About Allegro Development

Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 27 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities.  Allegro provides customers with agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney, and Zurich, along with a global network of partners.

For further information please contact Christie Lindstrom at media@allegrodev.com or +1.214.237.8117.