Zurich, 12 August 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.”

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