Listing on LSE

RNS Number:9884N
Nitol Solar Ltd
14 February 2008



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA,
CANADA, AUSTRALIA, THE RUSSIAN FEDERATION OR JAPAN. 


14th February 2008


         Nitol Solar Limited postpones listing on London Stock Exchange

Nitol Solar Limited ("Nitol Solar" or the "Company"), the vertically integrated
chemical and silicon gas company based in Russia's Irkutsk region, today
announces its decision to postpone its initial public offering (the "Offering")
of its ordinary shares (the "Shares") due to market conditions.


For further information please visit Nitol Solar's website at www.nitolsolar.com


Contacts

Brunswick       Patrick Handley, Carole Cable               020 7404 5959


Forward Looking Statements

This announcement contains "forward-looking" statements. These forward-looking
statements involve known and unknown risks and uncertainties, many of which are
beyond the Company's control and all of which are based on the Directors'
current beliefs and expectations about future events. Forward-looking statements
are sometimes identified by the use of forward-looking terminology such as
"believes", "expects", "may", "will", "could", "should", "shall", "risk",
"intends", "estimates", "aims", "plans", "predicts", "continues", "assumes",
"positioned" or "anticipates" or the negative thereof, other variations thereon
or comparable terminology. These forward-looking statements include all matters
that are not historical facts. They appear in a number of places throughout this
announcement and include statements regarding the intentions, beliefs or current
expectations of the Directors or the Company concerning, amongst other things,
the results of operations, financial condition, liquidity, prospects, growth and
strategies of the Company and the industry in which it operates.

These forward-looking statements and other statements contained in this
announcement regarding matters that are not historical facts involve
predictions. No assurance can be given that such future results will be
achieved; actual events or results may differ materially as a result of risks
and uncertainties facing the Company. Such risks and uncertainties could cause
actual results to vary materially from the future results indicated, expressed
or implied in such forward-looking statements. The forward-looking statements
contained in this announcement speak only as of the date of this document. The
Company and its financial advisers expressly disclaim any obligation or
undertaking to release publicly any updates or revisions to any forward-looking
statements contained in this document to reflect any change in its expectations
or any change in events, conditions or circumstances on which such statements
are based unless required to do so by applicable law, the Prospectus Rules, the
Listing Rules or the Disclosure and Transparency Rules of the Financial Services
Authority.


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA,
CANADA, AUSTRALIA, THE RUSSIAN FEDERATION OR JAPAN

This announcement does not constitute a recommendation concerning the Global
Offering. The price and value of securities can go down as well as up. Past
performance is not a guide to future performance. Information in this
announcement or any of the documents relating to the Offer cannot be relied upon
as a guide to future performance. Potential investors should consult a
professional advisor as to the suitability of the Offer for the individual
concerned.

If you are in any doubt about the contents of this document, you should consult
a person authorised for the purposes of the Financial Services and Markets Act
2000 who specialises in advising on the acquisition of shares and other
securities, if you are resident in the United Kingdom or, if not, from another
appropriately authorised independent financial adviser. The value of securities
may go up or down. Past performance is not a guide to future performance.


In any EEA Member State that has implemented Directive 2003/71/EC (together with
any applicable implementing measures in that Member State, the "Prospectus
Directive"), this communication is only addressed to and directed at qualified
investors in that Member State within the meaning of the Prospectus Directive.


This communication is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) investment professionals
falling within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Order") or (iii) high net worth
companies, and other persons to whom it may lawfully be communicated, falling
within Article 49(2)(a) to (d) of the Order (all such persons together being
referred to as "relevant persons"). The Ordinary Shares are only available to,
and any invitation, offer or agreement to subscribe, purchase or otherwise
acquire such Ordinary Shares will be engaged in only with, relevant persons. Any
person who is not a relevant person should not act or rely on this document or
any of its contents.


Stabilisation/FSA

THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION OR DISTRIBUTION INTO THE
UNITED STATES, CANADA, AUSTRALIA, THE RUSSIAN FEDERATION OR JAPAN. THE MATERIAL
SET FORTH HEREIN IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED, AND
SHOULD NOT BE CONSTRUED, AS AN OFFER OF SECURITIES FOR SALE INTO THE UNITED
STATES OR ANY OTHER JURISDICTION. THE SECURITIES OF THE COMPANY DESCRIBED HEREIN
HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS
AMENDED ("THE SECURITIES ACT"), OR THE LAWS OF ANY STATE, AND MANY NOT BE
OFFERED OR SOLD WITHIN THE UNITED STATES, EXCEPT PURSUANT TO AN EXEMPTION FROM,
OR IN A TRANSACTION THAT IS NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND APPLICABLE STATE LAWS. THERE WILL BE NO PUBLIC OFFERING OF
SECURITIES IN THE UNITED STATES.


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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