Syntroleum to Transfer to Capital Market

Syntroleum Corporation has announced that the Listing Qualifications Staff of The NASDAQ Stock Market has granted the company’s request to transfer the listing of the company’s common stock from The NASDAQ Global Market to The NASDAQ Capital Market, effective with the open of trading on Monday, March 31, 2008.

The company will continue to trade under its existing symbol, SYNM.

As disclosed earlier this year, the company was previously notified by NASDAQ that it did not satisfy the market value of listed securities requirement for continued listing on The NASDAQ Global Market. The company subsequently appealed the Staff’s determination and thereafter submitted an application to transfer the listing of its securities to The NASDAQ Capital Market based upon the company’s compliance with all applicable requirements for listing on The NASDAQ Capital Market.

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