Disclosure of Holdings

RNS Number:3253U
Baltic Oil Terminals Plc
03 April 2007


TR-1:           Notification of Major Interests in Shares

1.       Identity of the issuer or the underlying issuer of   Baltic Oil Terminals PLC
existing shares to which voting rights are attached:

2.       Reason for the notification         (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments which may result in the acquisition of shares
already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):     Initial disclosure under the Financial Services Authority's Disclosure  (X)

Transparency Rules.

3.       Full name of person(s) subject to the notification   Standard Life Investments Ltd
obligation:

4.       Full name of shareholder(s) (if different from 3.):  Vidacos Nominees

5.       Date of the transaction (and date on which the       23 March 2007
threshold is crossed or reached if different):

6.       Date on which issuer notified:                       27 March 2007

7.       Threshold(s) that is/are crossed or reached:         Direct voting rights exceed 6% and total voting
                                                              rights exceed 8%.
8.       Notified details:                                    Initial disclosure under the Financial Services
                                                              Authority's Disclosure Transparency Rules


A      Voting rights attached to shares

Class/type of shares      if possible using the ISIN  GB00B12V3082
code

Situation prior to the triggering transaction
Number of shares                                      Number of voting rights
Initial disclosure                                    Initial disclosure

Resulting situation after the triggering transaction
Number of shares                           Number of voting rights                      % of voting rights
Direct                     Direct                     Indirect                     Direct        Indirect
3,332,217                  3,332,217                  below 3%                     6.993%        below 3%

B     Financial instruments

Resulting situation after the triggering transaction
Type of financial     Expiration date       Exercise/Conversion     Number of voting      % of voting rights
instrument                                  Period/Date             rights that may be
                                                                    acquired if the
                                                                    instrument is
                                                                    exercised/converted

Total (A + B)

Number of voting rights                                   % of voting rights
3,907,954                                                 8.202%



1.       Chain of controlled undertakings through which the voting rights and/or the financial instruments
are effectively held, if applicable:
Standard Life Investments Ltd

Proxy Voting:

2.       Name of the proxy holder:

3.       Number of voting rights proxy holder will cease to hold:

4.       Date on which proxy holder will cease to hold voting
rights:

5.       Additional information:

6.       Contact name:                Robert Wilde, Company Secretary

7.       Contact telephone number:    [phone]



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