Zurich, 30 November 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

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