Effective December 26, 2008, EXX Inc. changed its OTCPK stock ticker symbol to EXEX. A from EXX.A.

EXX Inc. announced that its Board of Directors has declared special dividends of $0.65 per share of Class A Common Stock and $0.65 per share of Class B Common Stock. The special dividends will be payable on December 22, 2008 to holders of record on December 12, 2008. The source of funds will be cash on hand at the company.

EXX Inc. announced on December 2, 2008 that it has filed an application to voluntarily delist its Class A Common Stock and Class B Common Stock from the NYSE Alternext US and intends to terminate the registration of its Class A Common Stock and Class B Common Stock under the Securities Exchange Act of 1934, as amended. Following the delisting, the Class A Common Stock and Class B Common Stock will not be quoted on any stock exchange, and there can be no assurance that the shares will be quoted on any over-the-counter market. EXX anticipates that it will file a Form 25 with the SEC on December 15, 2008, and that the Class A Common Stock and Class B Common Stock will be removed from listing on the NYSE Alternext US on December 26, 2008. Immediately thereafter, EXX intends to file a Form 15 with the SEC and will no longer be obligated to file certain periodic and other reports with the SEC under the Exchange Act, including Forms 10-K, 10-Q and 8-K and proxy statements. David A. Segal, the Chairman and Chief Executive Officer of EXX, said: “The Board of Directors of EXX unanimously approved the declaration of the special dividends and the delisting and deregistration of the Class A and Class B Common Stock. The costs and administrative burdens associated with being a reporting public company have substantially increased, particularly in light of new SEC and Sarbanes-Oxley requirements. In light of the Company's intent not to access the public capital markets for its foreseeable financing needs, the advantages of being a public reporting company are outweighed by the costs associated with the reporting requirements for public companies. We believe that delisting and deregistering will significantly reduce expenses and are in the best interests of our stockholders.”