OREANDA-NEWS. On 18 August 2008 XXI Century Investments Public Limited (LSE: XXIC) announced the exercise price in connection with warrants attached to the USD 150 million Guaranteed Secured Notes due 2011 which were issued by the Company in May (the "Warrants" and the "Notes" respectively). 1,500 Warrants were attached to the Notes and each Warrant gives the right to subscribe for 4,000 ordinary shares in the Company.

The exercise price in respect of each Warrant has been determined by Bank of New York, London Branch, as calculation agent, and equals 1056.0159 pence per ordinary share. The calculation was based on the average volume-weighted trading price per ordinary share on AIM for the period from the closing date of the issue (23 May 2008) up to, but excluding, 12 August 2008.

The Warrants can be exercised from 26 August 2008 until the close of business on 23 May 2011.