Major Supplier of Russian Coal Gains Leading Functionality for Trading, Physical Logistics, and Regulatory Compliance

ZURICH, SWITZERLAND, August 12, 2010 – Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) solutions, announced today that SUEK AG has chosen Allegro 8 to manage its coal trading operations.  SUEK AG, the largest coal supplier from Russia, will implement Allegro’s fully integrated software to effectively manage positions, physical logistics, hedging strategies, compliance, and risk.

As the biggest supplier of Russian steam coal to the international market, SUEK AG delivers coal to more than 30 countries worldwide.  OJSC Siberian Coal Energy Company (SUEK), the Russian parent company of SUEK AG, supplies more than 30% of Russia's energy coal, approximately 30% of the coal the country exports, and in 2009 sold and traded 31.0 million tons in total.  In addition to mining Russian coal, the company also trades coal from Australia, Indonesia, Columbia, and South Africa.

“Allegro demonstrated the ability to handle the unique aspects of our coal business, including managing multiple coal types and qualities, logistics across multiple methods of delivery, the need for real-time data, and comprehensive reports around pricing, value, and risk, all on a single platform,” said Youri Filippov, SUEK AG CEO.   “Implementing Allegro 8 will enable SUEK to manage our exposure to the coal and freight markets and to optimize our growing business.  We needed a scalable system that could handle our current trading activities and enable us to keep pace with market changes.”

The Allegro 8 software will improve SUEK’s ability to manage front, middle, and back office activities, including:

• Physical and financial coal position management for improved transparency and proactive decision making
• Physical logistics around export and delivery of coal via vessel  and rail and all associated activities, including scheduling, stock pile management, fees, contracts, and taxes
• Ability to capture and manage coal quality and make necessary price adjustments  based on quality tests
• Credit monitoring and control with tools for collateral management, credit limits and limit warnings, margining, and credit Value at Risk (VaR)
• A single repository that integrates all data and transactions across multiple countries and business entities, eliminating errors and streamlining business processes
• Advanced risk management tools, including Mark-to-Market (MtM), P&L, exposure, and simulations

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.