OREANDA-NEWS. On 23 June 2009 XXI Century Investments Public Limited (LSE: XXIC) announced that clarification amendments have been made to the documentation relating to the consent solicitation in respect of its outstanding USD 175,000,000 10 per cent. Guaranteed Secured Notes due 2010 (the "Notes").

On 18 June 2009 the Company has issued a notice of amendments to correct errors in the provisions of the consent solicitation statement (as released through clearing systems on 11 June 2009) related to calculation of the early consent fee and the consent fee payable to individual Noteholders in the form of depositary interests representing ordinary shares of the Company (the "Depositary Interests").

The aggregate maximum number of new shares which could be issued to the Noteholders in connection with consent solicitation (as a percentage of the Company's share capital) remains unchanged.

Portion of the early consent fee and the consent fee payable in shares

XXI Century has reconfirmed that the aggregate maximum amount of the early consent fee which may be payable to the Noteholders in the form of Depositary Interests remains unchanged at 2,218,000 depositary interests, or approximately 5 per cent. of the Company's share capital on a fully diluted basis (assuming no further issues of ordinary shares by the Company). The respective maximum amount of the consent fee is 2,200,000 Depositary Interests.

The Noteholders will be entitled to receive the early consent fee or the consent fee, as the case may be, provided that they fulfill certain timing and eligibility requirements as set out in the consent solicitation statement (the "Eligible Individual Noteholders").

The calculation of the number of Depositary Interests to which an individual Noteholder may be entitled was changed as follows. An Eligible Individual Noteholder will be entitled to receive the portion of the aggregate maximum amount of either 2,218,000 Depositary Interests or 2,200,000 Depositary Interests, as the case may be, calculated on the pro rata basis by reference to the aggregate principal amount of the Notes held by such Noteholder.

Portion of the early consent fee and the consent fee payable in warrants

The aggregate maximum amount of the early consent fee and consent fee which may be payable to the Noteholders in the form of warrants as well as the calculation of the amounts applicable to individual Noteholders remain unchanged. If the maximum number of warrants were to be issued by way of the early consent fee and the consent fee, such warrants would on exercise give an entitlement to subscribe for Depositary Interests representing a total of 4,550,000 ordinary shares, or approximately 10 per cent. of the Company's share capital on a fully diluted basis (assuming no further issues of ordinary shares by the Company).

All other terms of the solicitation and the offer also remain unchanged.

The current number of the Company's ordinary shares in issue is 38,347,935.

To receive copies of the consent solicitation statement, or for questions relating to the consent solicitation transaction, please contact Renaissance Capital Financial Consultant Limited on Tel: +7 (495) 258 7777 or Fax: +7 (495) 258 7778, Attention: Kieran Donnelly/Boris Batin, Debt Capital Markets.

This press release is not a consent solicitation. The consent solicitation shall be made solely by the consent solicitation statement dated 11 June 2009, and related documents, and those documents should be consulted for additional information regarding consent procedures and the conditions for the consent solicitation.