Yorkville Advisors: Record-Setting Pace Globally for SEDA Transactions

Consecutive Years of Record Deal Flow Highlight Benefits of

Standby Equity Distribution Agreements (SEDA)

JERSEY CITY, December 13, 2010 – Yorkville Advisors, LLC (“Yorkville” or the “Firm”), the US-
based alternative investment manager, announces the record deal flow for Standby Equity
Distribution Agreements (“SEDAs”). While the worldwide growth of this unique financing solution
continues, Yorkville has surpassed the 34 SEDAs it closed in 2009 and recently announced the
closing of the Firm’s 38th SEDA transaction of 2010.

A SEDA offers small-to-mid size companies a flexible and cost effective way of raising capital at
their discretion. Pursuant to the terms of the SEDA, a company has the right, but not an
obligation, to raise funds in tranches in exchange for the issue of new equity over a defined
commitment period.

“The number of deals, the range of industry sectors and the diverse geographic location
underscore how SEDAs are breaking through to become a mainstream product after building a
successful track record over the last decade,” said Mark Angelo, Founder and President of
Yorkville.

“The diversity of companies that have done SEDAs – shown through their varied industry sectors
and locations around the globe – illustrates the value and the mainstream appeal of the SEDA
structure over other financing solutions. This is particularly true among the increasing number of
larger cap companies who have a broader range of options and yet have still chosen SEDAs,”
said Jerry Eicke, Managing Member of Yorkville.

SEDAs have become popular internationally, as evidenced by transactions in 21 countries since

2001. In 2009, Yorkville completed transactions in 13 countries, including 7 deals in the UK, 6 in
Australia and 4 each in Singapore and Israel. International activity continues to be strong as the
Firm has already closed 5 deals each in Australia and Canada along with 3 deals in Israel this
year. Many countries continue to welcome this innovative type of financing, as companies are
looking for solutions to fuel the need for capital. One such example is a recent transaction with
LST Capital S.A., a financial services company listed on the Warsaw Exchange, which closed a
€3 million SEDA in September 2010.

In the Asia Pacific Region, the SEDA has been very well received as it has seen the largest
number of transactions since 2009. A total of 16 deals have closed in the region since 2009 with
companies listed in Singapore, Korea, Hong Kong and Australia Exchanges.

“We continue to see a lot of appetite from small and mid-size companies in the Asia Pacific
Region which are looking to ensure the availability of long-term capital to help their development
and capital needs. The current environment is presenting small to mid-size company’s limited
avenues in the Asia Pacific Region to obtain the necessary working capital to acquire competitors
or upstream/downstream assets to develop their existing businesses. The SEDA provides these
Companies with the necessary capital they need when traditional sources of lending are not
readily available,” said Anthony Chan, Managing Director and Head of Asia at Yorkville HK.

The below chart tracks the performance of companies that have current SEDA Agreements in
comparison to the MSCI World Index and the MSCI Small Cap Index.
 $125.00
$120.00
$115.00
$110.00
$105.00
$100.00
$95.00
$90.00
$85.00
$80.00
$75.00

MSCI World Index MSCI Small Cap Index YA Q310 SEDA Deal Companies

Not only has the SEDA been widely accepted worldwide, but its ability to transcend various
industry sectors also shows its diversity. Since 2009, transactions in the healthcare, mining and
energy industries have lead the surge with 18, 15 and 12, transactions, respectfully. In addition,
technology media & telecommunication (TMT) finance and transportation are currently exploring
this unique financial instrument.

“The SEDA is particularly well suited for the ongoing cash needs of the vibrant biotech industry,“
said Dr. Michael J. Nowak, Managing Director and Head of the Healthcare Investment Team at
Yorkville, “It provides management capital while bolstering the company’s negotiating position in
strategic partnership discussions – key to maximizing shareholder value for young biotech
companies..”

Brian Kinane, Managing Director, Yorkville Advisors UK, says: “We have seen a significant and
increasing number of SEDAs across Europe this year. The SEDA is particularly suited to event
driven industries, such as mining and oil & gas, as companies seek to raise equity to develop
their assets while attempting to minimize dilution.”

For more information about Yorkville, please visit www.yorkvilleadvisors.com or contact us at

201-985-8300. Yorkville has offices in Jersey City, New Jersey; Jupiter, Florida; Denver,
Colorado; London and Hong Kong as well as a joint venture agreement in Milan, Italy.