Press Releases

Tokyo, Feb 10, 2012 - (JCN Newswire) - Pioneer Corporation (Pioneer) announced today that it has reached a settlement agreement with Garmin Ltd. (Garmin).Pioneer is pleased that the parties have agreed to settle the respective cases. In the settlement agreement, Pioneer grants Garmin the right to use Pioneer's GPS navigation patents listed below (Licensed Patents). The settlement agreement does not include a license to Pioneer's other patents. All pending litigations in the United States and Germany have been terminated.Pioneer is a leader in the area of GPS navigation technology, and has a number of intellectual property rights related to this technology through product development. Pioneer remains committed to the protection of its business operations through the enforcement action of its intellectual property rights.* Licensed PatentsUS Patent No. 5,365,448US Patent No. 5,424,951US Patent No. 6,122,592DE 692 11 749 (EP 0 508 681)DE 693 24 713 (EP 0 775 892)About PioneerPioneer Corporation is a leading global manufacturer of consumer and business-use electronics products such as audio, video and car electronics. Its shares are traded on the Tokyo Stock Exchange (TSE: 6773). For more information , please visit http://pioneer.jp .Contact:

Public Relations Department
Pioneer Corporation, Japan
Phone: +81-44-580-1003
E-mail: pioneer_prd@post.pioneer.co.jp
Website: http://pioneer.jp/e/

STOCKHOLM, SWEDEN -- (MARKET WIRE) -- 02/10/12 -- Fourth quarter

* Sales increased during the quarter by a full 22%, including 4% organic
  growth, and totaled SEK 11,744 M (9 648).
* Strong growth in Asia, Africa, Global Technologies and Entrance Systems,
  while the markets in Europe and North America were stable.
* Acquisitions of Albany Door Systems and Securistyle were completed and
  agreement signed for the acquisition of Dynaco. The combined annualized
  sales from these companies is SEK 1,850 M representing 5% growth.
* Operating income (EBIT) amounted to SEK 1,881 M[1] (1,606), an increase
  of 17%. The operating margin was 16.0%[1] (16.6).
* Net income amounted to SEK 118 M[2] (1,071).
* Earnings per share rose by 20% to SEK 3.43[3] (2.86).
* The restructuring program was expensed with SEK 1,420 M.
* Operating cash flow reached a record high SEK 2,794 M (2,085).

Full year

* Sales increased by 13%, including 4% organic growth, and totaled SEK
  41,786 M (36,823).
* Operating income (EBIT) amounted to SEK 6,624 M[1] (6,046), representing
  an increase of 10%. The operating margin was 15.9%[1] (16.4).
* Net income amounted to SEK 3,869 M[2] (4,080).
* Earnings per share rose by 13% to SEK 12.30[3] (10.89).
* Strong operating cash flow amounted to SEK 6,080 M (6,285).
* The Board of Directors proposes a dividend of SEK 4.50 per share (4.00).

[1] Excluding restructuring costs in 2011 amounting to SEK -1,420 M for the
    quarter and for the year.

[2] If restructuring and one-time items are excluded, net income in 2011
was
    SEK 1,285 M for the quarter and SEK 4,605 M for the year.

[3] Excluding restructuring and one-time items in 2011 amounting to SEK
    -1,167 M for the quarter and  SEK -736 M for the year.

SALES AND INCOME

                                  Fourth quarter      Full year
                                 ------------------------------------
                                   2010   2011 Change   2010   2011 Change
--------------------------------------------------------------------------
Sales, SEK M                      9,648 11,744   +22% 36,823 41,786   +13%

  of which,

  Organic growth                                  +4%                  +4%

  Acquisitions                                   +20%                 +17%

  Exchange-rate effects            -385   -195    -2% -1,626 -2 309    -8%

Operating income (EBIT), SEK M[1] 1,606  1,881   +17%  6,046  6,624   +10%

Operating margin (EBIT), %[1]      16.6   16.0          16.4   15.9

Income before tax, SEK M[1]       1,405  1,723   +23%  5,366  5,979   +11%

Net income, SEK M[2]              1,071    118      -  4,080  3,869      -

Operating cash flow, SEK M        2,085  2,794   +34%  6,285  6,080    -3%

Earnings per share (EPS), SEK[2]   2.86   3.43   +20%  10.89  12.30   +13%


[1] Excluding restructuring costs in 2011 amounting to SEK -1,420 M for the
    quarter and for the year.

[2] If restructuring and one-time items are excluded, net income in 2011
    was SEK 1,285 M for the quarterand SEK 4,605 M for the year.

COMMENTS BY THE PRESIDENT AND CEO

"It is with great satisfaction that I can report that the fourth quarter set new records in both sales and earnings," says Johan Molin, President and CEO. "Sales increased by a full 22%, while operating income increased by 17%. It was particularly pleasing that the Group's increasing exposure on the emerging markets meant that total organic growth amounted to a good 4% despite a weak demand on the mature markets.

"A number of innovative new products in both the mechanical and electromechanical areas were launched during the year, and the share of sales coming from new products rose to over 20%, almost a doubling compared to earlier figures. In addition, the acquisitions of ActivIdentity and LaserCard during the year mean that the Group now can offer complete systems for advanced public ID solutions. The strategic acquisition of Crawford meant that ASSA ABLOY took a leading position in the growing field of entrance automation.

"Operating income for the full year increased by a good 10%, supported by efficiency improvements and the continuing relocation of production to low-cost countries. Operating cash flow continued strong and exceeded 100% of pre-tax profit.

"Acquisition activity was high throughout the year, and 18 acquisitions with a combined annualized sales of SEK 6,800 M were completed, representing 18% growth. The largest transaction during the year was the acquisition of Cardo and the subsequent divestments of Cardo Flow Solutions and Lorentzen & Wettre. During January the acquisitions of Albany Door Systems in America and Securistyle in Britain were completed. An agreement has also been signed for the acquisition of Dynaco in Belgium. This means that for 2012 the strategic target of 5% annual acquired growth has already been achieved.

"Looking forward into 2012, continued good growth on the emerging markets is expected, but at a lower level than last year. On the mature markets a stable development is expected with an unchanged or slightly positive sales trend. The underlying business cycle continues to be affected by the uncertainty on the financial markets and budget restrictions in many countries, which primarily impacts the market segments that are dependent on public financing."

FOURTH QUARTER

All figures for earnings exclude one-time items amounting to SEK -1,420 M on the operating result (EBIT) and SEK -1,167 M on the net income.

The Group's sales totaled SEK 11,744 M (9,648), an increase of 22% compared with 2010. Organic growth for comparable units was 4% (6). Acquired units contributed 20% (9). Exchange-rate effects had a negative impact of SEK 195 M on sales, that is -2% (-5).

Operating income before depreciation, EBITDA, amounted to SEK 2,151 M (1,851). The corresponding EBITDA margin was 18.3% (19.2). The Group's operating income, EBIT, amounted to SEK 1,881 M (1,606), an increase of 17%. The operating margin was 16.0% (16.6).

Net financial items amounted to SEK -158 M (-201). The Group's income before tax amounted to SEK 1,723 M (1,405), an improvement of 23% compared with the previous year. Exchange-rate effects had a negative impact of SEK 399 M on the Group's income before tax. The profit margin was 14.7% (14.6). The underlying estimated effective tax rate on an annual basis amounted to 23%. Earnings per share amounted to SEK 3.43 (2.86), an increase of 20%.

FULL YEAR

All figures for earnings exclude one-time items amounting to SEK -1,420 M on the operating result (EBIT) and SEK -736 M on the net income.

Sales for 2011 totaled SEK 41,786 M (36,823), representing an increase of 13% compared with 2010. Organic growth was 4% (3). Acquired units contributed 17% (8). Exchange-rate effects affected sales negatively by SEK 2 309 M.

Operating income before depreciation, EBITDA, amounted to SEK 7,646 M (7,041). The corresponding margin was 18.3% (19.1). The Group's operating income, EBIT, amounted to SEK 6,624 M (6,046), an increase of 10%. The corresponding operating margin (EBIT) was 15.9% (16.4).

Earnings per share increased to SEK 12.30 (10.89) Operating cash flow amounted to SEK 6,080 M (6,285).

RESTRUCTURING MEASURES

During the quarter the new restructuring program announced during the fall of 2011 began. A total of 17 production units will be shut down and a number of others will change from full production to final assembly. The cost to be set against earnings was SEK 1,420 M gross and SEK 1,016 M net after the capital gain from the Cardo transaction. Payback time is estimated at just over three years.

Payments related to all restructuring programs amounted to SEK 183 M in the quarter.

All restructuring programs proceeded according to plan and have led to a reduction in personnel of 145 people during the quarter and 5,894 people since the projects began. A further 1,644 people will leave by the end of 2014.

At the end of the quarter provisions of SEK 1,665 M remained in the balance sheet for carrying out the programs.

COMMENTS BY DIVISION

EMEA

Sales for the quarter in EMEA division totaled SEK 3,524 M (3,364), with organic growth of 1% (2). The market situation improved to some extent during the quarter with growth in Scandinavia, Finland, Germany, the UK and Eastern Europe. Sales in France and Belgium were stable while the trend in southern Europe, mainly Spain and Italy, was negative. Acquired growth amounted to 5%. Operating income totaled SEK 640 M (604), which represents an operating margin (EBIT) of 18.2% (18.0), the highest-ever figure for the division. Return on capital employed amounted to 25.4% (26.3). Operating cash flow before interest paid totaled SEK 851 M (858).

AMERICAS

Sales for the quarter in Americas division totaled SEK 2,228 M (2,291), with organic growth of 0% (6). New construction in the institutional segment was more stable than earlier in the year and the sales trends for high-security products and electromechanics were good. Sales on the Residential market showed good growth. At the same time the trends for Security Doors and Latin America were weak. Acquired growth was less than 1%. Operating income totaled SEK 450 M (459) and the operating margin was 20.2% (20.1). Return on capital employed amounted to 21.9% (21.0). Operating cash flow before interest paid totaled SEK 525 M (492).

ASIA PACIFIC

Sales for the quarter in Asia Pacific division totaled SEK 1,990 M (1,766), with organic growth of 9% (12). Growth was good in China, Korea, South-East Asia and India. Australia was affected negatively by falling demand from the commercial segment, and New Zealand showed a continuing negative trend resulting from the earthquakes. Acquired growth amounted to 4%. Operating income totaled SEK 280 M (246), representing an operating margin (EBIT) of 14.1% (13.9). The quarter's return on capital employed amounted to 26.0% (27.3). Operating cash flow before interest paid totaled SEK 617 M (561).

GLOBAL TECHNOLOGIES

Sales for the quarter in Global Technologies division totaled SEK 1,510 M (1,325), with organic growth amounting to 7% (18). HID had strong growth in access control, logical access and secure issuing of smart cards, but e-government and identification technology showed a more restrained trend during the quarter. Large project orders at low margins were delivered to authorities in countries including Indonesia and Romania. Hospitality continued to record strong growth despite low activity in new construction on the hotel market. Demand for NFC locks was very strong and more than 70% of new sales were in this category. Acquired growth amounted to 9%. The division's operating income amounted to SEK 237 M (224), giving an operating margin (EBIT) of 15.7% (16.9). The operating margin was affected by 1.2 percentage points by dilution from negative exchange-rate effects and the acquisition of LaserCard and ActivIdentity. Return on capital employed amounted to 14.7% (15.4). Operating cash flow before interest paid totaled SEK 430 M (359).

ENTRANCE SYSTEMS

Sales for the quarter in Entrance Systems division totaled SEK 2,704 M (1,118), with organic growth amounting to 7% (-2). Growth was good for Besam, Crawford and FlexiForce and generally in the service sector too. Ditec was affected by the negative trends in southern Europe and Normstahl by reduced demand on the residential market. Acquired growth amounted to 141%. Operating income totaled SEK 449 M (198), giving an operating margin of 16.6% (17.7). The operating margin was affected by 1.2 percentage points by dilution from negative exchange-rate effects and the acquisition of Crawford (Cardo). Return on capital employed amounted to 15.6% (18.0). Operating cash flow before interest paid totaled SEK 713 M (141).

ACQUISITIONS

During the quarter Metalind in Croatia and a number of minor acquisitions were consolidated. This means that a total of 18 companies were acquired and consolidated during the year. The combined acquisition price for these 18 companies, excluding disposal groups, amounted to SEK 7,096 M, and preliminary acquisition analyses indicate that goodwill and other intangible assets with indefinite useful life amount to SEK 5,985 M. The acquisition price is adjusted for acquired net debt and estimated earn-outs. Estimated earn-outs at the acquisition dates amount to SEK 446 M.

On 11 January it was announced that ASSA ABLOY had completed the acquisition of the American company Albany Door Systems, one of the global leaders in industrial automatic high-speed doors. The company has about 700 employees and its sales in 2012 are expected to reach SEK 1,300 M.

On 23 January it was announced that ASSA ABLOY had signed an agreement for the acquisition of the Belgian company Dynaco, a leading manufacturer of automatic high-speed doors specializing in sales to a global network of distributors. The company has 140 employees and its sales in 2012 are expected to reach SEK 450 M.

On 27 January it was announced that ASSA ABLOY had acquired the British company Securistyle. Securistyle is active in window fittings and its product offering includes high-quality hinges, handles and window locks. The company has 205 employees and its sales in 2012 are expected to reach SEK 225 M.

SUSTAINABLE DEVELOPMENT

ASSA ABLOY Hospitality, which produces locks and safes for the hotel industry, has phased out all brass in its highest-volume product. The plated brass has been replaced by stainless steel with the same appearance as before. Stainless steel is a far more environmentally friendly product than plated brass, partly through eliminating the whole plating process. It is also significantly cheaper and requires less transporting and reduced stockholding. It is estimated that the change to stainless steel has led to a reduction of 72 tons in brass consumption.

The 2011 Sustainability Report, reporting on the Group's targets and giving other information about sustainable development, will be published at the time of the Annual General Meeting in April 2012.

PARENT COMPANY

'Other operating income' for the Parent company ASSA ABLOY AB totaled SEK 1,808 M (1,623) for the full year. Income before tax amounted to SEK 2,297 M (954). Investments in tangible and intangible assets totaled SEK 116 M (11), of which acquired assets accounted for SEK 114 M (-). Liquidity is good and the equity ratio was 39.3% (52.9).

DIVIDEND AND ANNUAL GENERAL MEETING

The Board of Directors proposes a dividend of SEK 4.50 (4.00) per share for the 2011 financial year. The Annual General Meeting will be held on 25 April 2012.

ACCOUNTING PRINCIPLES

ASSA ABLOY applies International Financial Reporting Standards (IFRS) as endorsed by the European Union. Significant accounting and valuation principles are detailed on pages 86-91 of the 2010 Annual Report. From 2011 ASSA ABLOY is implementing the International Financial Reporting Standard IFRS 5, 'Non-current Assets Held for Sale and Discontinued Operations'. Non-current assets are classified as assets held for sale when their carrying amount will be largely recovered in a sales transaction and a sale is viewed as being highly probable. They are reported at the lower of carrying amount and fair value less costs to sell if their carrying amount can be largely recovered in a sales transaction and not through continuing use and it is highly probable that a sale will occur.

This Year-end Report was prepared in accordance with IAS 34 'Interim Financial Reporting' and the Annual Accounts Act. The Year-end Report for the Parent company was prepared in accordance with the Annual Accounts Act and RFR 2 'Reporting by a Legal Entity'.

TRANSACTIONS WITH RELATED PARTIES

No transactions that significantly affected the company's position and income have taken place between ASSA ABLOY and related parties.

RISKS AND UNCERTAINTY FACTORS

As an international Group with a wide geographic spread, ASSA ABLOY is exposed to a number of business and financial risks. The business risks can be divided into strategic, operational and legal risks. The financial risks are related to such factors as exchange rates, interest rates, liquidity, the giving of credit, raw materials and financial instruments. Risk management in ASSA ABLOY aims to identify, control and reduce risks. This work begins with an assessment of the probability of risks occurring and their potential effect on the Group. For a more detailed description of risks and risk management, see the 2010 Annual Report. No significant risks other than the risks described there are judged to have occurred.

OUTLOOK*

Long-term outlook

Long term, ASSA ABLOY expects an increase in security-driven demand. Focus on end-user value and innovation as well as leverage on ASSA ABLOY's strong position will accelerate growth and increase profitability.

Organic sales growth is expected to continue at a good rate. The operating margin (EBIT) and operating cash flow are expected to develop well.

* Outlook published on 28 October 2011:

Long-term outlook

Long term, ASSA ABLOY expects an increase in security-driven demand. Focus on end-user value and innovation as well as leverage on ASSA ABLOY's strong position will accelerate growth and increase profitability.

Organic sales growth is expected to continue at a good rate. The operating margin (EBIT) and operating cash flow are expected to develop well.

Stockholm, 10 February 2012

Johan Molin

President and CEO

FINANCIAL INFORMATION

The Quarterly Report for the first quarter will be published on 24 April 2012. The Annual General Meeting will be held on 25 April at the Museum of Modern Art in Stockholm.

ASSA ABLOY is holding an analysts' meeting at 10.00 today at Operaterrassen in Stockholm.

The analysts' meeting can also be followed on the Internet at www.assaabloy.com. It is possible to submit questions by telephone on: +46 8 5052 0270, +44 207 509 5139 or +1 718 354 1226

This information is that which ASSA ABLOY is required to disclose under the Swedish Securities Exchange and Clearing Operations Act and/or the Swedish Financial Instruments Trading Act. The information is released for publication at 08.00 on 10 February.

Q4 2011: http://hugin.info/1014/R/1584543/495726.pdf

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: ASSA ABLOY via Thomson Reuters ONE

[HUG#1584543]

FURTHER INFORMATION CAN BE OBTAINED FROM:
Johan Molin
President and CEO
Tel: +46 8 506 485 42

Tomas Eliasson
Chief Financial Officer
Tel: +46 8 506 485 72

Source: ASSA ABLOY

STOCKHOLM--(BUSINESS WIRE)-- Regulatory News:

Betsson AB (STO:BETSB):

Fourth quarter operating income increased by 35 percent

Fourth quarter

-- Revenues amounted to SEK 515.2 (484.3) million and the operating margin amounted to 33.4 (26.4) percent

-- Operating income amounted to SEK 172.3 (127.7) million, equivalent to an increase of 35 percent

-- Income before tax amounted to SEK 172.9 (128.7) million

-- Net income totaled SEK 165.8 (125.2) million, corresponding to SEK 4.01 (3.19) per share

-- Betsson has no interest-bearing liabilities and liquid funds amounted to SEK 509.7 (497.1) million

-- A withdrawal from a gaming account by the player who won the record jackpot at the end of the third quarter has had a negative impact of EUR 11.7 million on liquid funds

-- One new B2B agreement has been signed during the quarter, with Berlingske Media in Denmark

-- Betsson received a gaming license in Denmark during the quarter

-- The integration of Betsafe is developing according to plan

Full year 2011

-- Revenues increased by 8 percent to SEK 1,736.6 (1,603.2) million and the operating margin amounted to 32.2 (23.7) percent

-- Operating income amounted to SEK 559.7 (380.6) million, equivalent to an increase of 47 percent

-- Income before tax amounted to SEK 555.4 (382.5) million

-- Net income totaled SEK 527.8 (365.7) million, corresponding to SEK 13.12 (9.32) per share

Key performance indicators

1) First quarter 2011and earlier contains both B2B and B2C.

Betsson is stronger than ever

“- Betsson now ranks as one of the world’s most influential gaming companies. We have achieved this position thanks to our strong growth and profitability as well as Betsson’s long-term efforts to create attractive gaming solutions for both partners and end users. During the fourth quarter, Betsson has experienced an all-time high in both activity and deposits, while the Group sits at the forefront in the technological development towards a new, reregulated reality in Europe.” states Magnus Silfverberg, President and CEO of Betsson.

Presentation of the Year-End Report

Today, Friday 10 February, at 09.00 CET, Betsson's CEO Magnus Silfverberg will present the Year-End Report from Betsson’s office at Regeringsgatan 28, and through webcast at www.betssonab.com or storm.zoomvisionmamato.com/player/betsson/objects/pyqsbm5d (http://storm.zoomvisionmamato.com/player/betsson/objects/%208fm0bh3n)or by phone on +46 (0)8 505 598 53 (Sweden) or +44 (0)20 3043 2436 (UK). The presentation will be in English and will be followed by a question and answer session.

This information was brought to you by Cision http://www.cisionwire.com

Betsson ABMagnus Silfverberg, CEOEmail: magnus.silfverberg@betssonab.comTelephone: +46 702 71 47 00

Source: Betsson AB

DUBLIN, IRELAND -- (MARKET WIRE) -- 02/10/12 -- San Leon Energy Plc ("San Leon" or the "Company") (AIM: SLE) -

San Leon, the fast growing oil and gas company with an extensive portfolio of assets across Europe and North Africa, is pleased to announce the successful completion of its second shale gas exploration well in Poland's Baltic Basin. The Talisman Energy operated Rogity-1 well, on the Braniewo S Concession in Poland, has been drilled to a depth of 2,788 meters. During drilling continuous gas shows were encountered over more than 500 meters of the Lower Silurian, Ordovician, and Middle Cambrian sections. The rich gas shows consisted of heavy hydrocarbons, including C1-nC8. The richness of the gas shows is consistent with a wet gas system, confirming the Company's regional model of the eastern side of the basin being in the oil window. The strongest gas shows, along with indications of oil, were encountered in the Lower Silurian interval, which is estimated to be over 100 meters thick. Oil shows were also encountered in Ordovician limestones and shales, and in Middle Cambrian sandstone.

334 meters of continuous core were taken in the well to evaluate the reservoir properties and mechanical properties of the Lower Silurian, Ordovician, and Middle Cambrian sections. In addition an extensive open hole logging program was also performed to further evaluate the potential of the well. Evaluation and interpretation of the core and logs is expected to take 3-4 months in preparation for continued operations later in 2012. The well was completed and cased for future operations, which could include pressure testing of the formations (DFIT test) and a possible vertical frac across several intervals. Future operations in the Braniewo S Concession are expected to include a long offset horizontal well as well as a multistage frac.

Talisman will next move the rig to the Szczawno concession to drill the Szymkowo-1 well.

Oisin Fanning, Chairman of San Leon commented:

"We are excited by the successful drilling and significant data gathering at the Rogity-1 well. Our initial results show the regional variability of the basin and have confirmed our model of a more liquids rich system on the eastern edge of the basin. This is yet another milestone for San Leon and our successful partnership with Talisman Energy. Our continued systematic approach towards evaluating our geographically and geologically diverse unconventional gas acreage in Poland is paying off."

Qualified person

John Buggenhagen, who has reviewed this update, has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy Group and based in San Leon's Warsaw office in Poland.

Notes to editors:

San Leon is an independent fast growing oil and gas exploration company and is Europe's leading shale gas company by acreage. The Company has an extensive portfolio of assets in Europe and North Africa that will enable it to provide energy solutions for the future.

San Leon's assets are located in Poland, Morocco, Albania, Ireland, Spain and Italy. The Company's portfolio across these geographies is made up of both shale (Poland Baltic Basin, Morocco and Spain) and conventional exploration assets.

San Leon's key objective is to grow the Company significantly and to become a leading European oil and gas player delivering value to all its stakeholders. To achieve this San Leon, since it was founded in 1995, has built a balanced portfolio as well as an exceptional technical team.

The Company is listed on London's Alternative Investment Market (ticker symbol: SLE). As at 30 June 2011 the Company had EUR42.2 million of cash and cash equivalents.

Contacts:
San Leon Energy Plc
Oisin Fanning
Executive Chairman
+ 353 1291 6292

San Leon Energy Plc
Dr John Buggenhagen
Exploration Director
+ 353 1291 6292
www.sanleonenergy.com

Macquarie Capital (Europe) Limited
Paul Connolly
+44 (0) 20 3037 2000

Macquarie Capital (Europe) Limited
John Dwyer
+44 (0) 20 3037 2000

Westhouse Securities
Antonio Bossi
+44 (0) 20 7601 6100

Westhouse Securities
Richard Johnson
+44 (0) 20 7601 6100

College Hill Associates
Nick Elwes
+44 (0) 20 7457 2020

Source: San Leon Energy Plc

DUBLIN, IRELAND--(Marketwire - Feb. 10, 2012) - San Leon Energy Plc ("San Leon" or the "Company") (AIM: SLE) -

San Leon, the fast growing oil and gas company with an extensive portfolio of assets across Europe and North Africa, is pleased to announce the successful completion of its second shale gas exploration well in Poland's Baltic Basin. The Talisman Energy operated Rogity-1 well, on the Braniewo S Concession in Poland, has been drilled to a depth of 2,788 meters. During drilling continuous gas shows were encountered over more than 500 meters of the Lower Silurian, Ordovician, and Middle Cambrian sections. The rich gas shows consisted of heavy hydrocarbons, including C1-nC8. The richness of the gas shows is consistent with a wet gas system, confirming the Company's regional model of the eastern side of the basin being in the oil window. The strongest gas shows, along with indications of oil, were encountered in the Lower Silurian interval, which is estimated to be over 100 meters thick. Oil shows were also encountered in Ordovician limestones and shales, and in Middle Cambrian sandstone.

334 meters of continuous core were taken in the well to evaluate the reservoir properties and mechanical properties of the Lower Silurian, Ordovician, and Middle Cambrian sections. In addition an extensive open hole logging program was also performed to further evaluate the potential of the well. Evaluation and interpretation of the core and logs is expected to take 3-4 months in preparation for continued operations later in 2012. The well was completed and cased for future operations, which could include pressure testing of the formations (DFIT test) and a possible vertical frac across several intervals. Future operations in the Braniewo S Concession are expected to include a long offset horizontal well as well as a multistage frac.

Talisman will next move the rig to the Szczawno concession to drill the Szymkowo-1 well.

Oisin Fanning, Chairman of San Leon commented:

"We are excited by the successful drilling and significant data gathering at the Rogity-1 well. Our initial results show the regional variability of the basin and have confirmed our model of a more liquids rich system on the eastern edge of the basin. This is yet another milestone for San Leon and our successful partnership with Talisman Energy. Our continued systematic approach towards evaluating our geographically and geologically diverse unconventional gas acreage in Poland is paying off."

Qualified person

John Buggenhagen, who has reviewed this update, has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy Group and based in San Leon's Warsaw office in Poland.

Notes to editors:

San Leon is an independent fast growing oil and gas exploration company and is Europe's leading shale gas company by acreage. The Company has an extensive portfolio of assets in Europe and North Africa that will enable it to provide energy solutions for the future.

San Leon's assets are located in Poland, Morocco, Albania, Ireland, Spain and Italy. The Company's portfolio across these geographies is made up of both shale (Poland Baltic Basin, Morocco and Spain) and conventional exploration assets.

San Leon's key objective is to grow the Company significantly and to become a leading European oil and gas player delivering value to all its stakeholders. To achieve this San Leon, since it was founded in 1995, has built a balanced portfolio as well as an exceptional technical team.

The Company is listed on London's Alternative Investment Market (ticker symbol: SLE). As at 30 June 2011 the Company had EUR42.2 million of cash and cash equivalents.

FOR FURTHER INFORMATION PLEASE CONTACT:
        San Leon Energy Plc
        Oisin Fanning
        Executive Chairman
        + 353 1291 6292

        San Leon Energy Plc
        Dr John Buggenhagen
        Exploration Director
        + 353 1291 6292
        www.sanleonenergy.com

        Macquarie Capital (Europe) Limited
        Paul Connolly
        +44 (0) 20 3037 2000

        Macquarie Capital (Europe) Limited
        John Dwyer
        +44 (0) 20 3037 2000

        Westhouse Securities
        Antonio Bossi
        +44 (0) 20 7601 6100

        Westhouse Securities
        Richard Johnson
        +44 (0) 20 7601 6100

        College Hill Associates
        Nick Elwes
        +44 (0) 20 7457 2020

Source: San Leon Energy Plc