First Day of Dealings

RNS Number:0687C
Baltic Oil Terminals Plc
27 April 2006


27 April 2006


               Baltic Oil Terminals PLC ("Baltic" or the "Group")

                          First Day of Dealings on AIM


Baltic Oil Terminals PLC, established in 2004 to invest in oil related
infrastructure projects and upstream activities in Russia and the FSU, announces
that its shares have today been admitted to trading on AIM, a market operated
and regulated by London Stock Exchange plc.

At the placing price of 140p per share, Baltic is capitalised at approximately
#60.8 million. The oversubscribed placing raised approximately #23 million
(before expenses) through the issue of 16,428,571 new ordinary shares. In
addition, 6,000,000 existing ordinary shares were sold in the placing at the
placing price on behalf of existing shareholders.

The Group's principal asset at Admission is its 58.35% equity interest in
Tetoil, a company which the Directors propose will construct an oil export
transhipment terminal in Kaliningrad, a sovereign Russian territory located on
the Baltic Sea between the EU states of Poland and Lithuania, which is Russia's
only ice-free port on the Baltic Sea.

Arden Partners is acting as Financial Adviser, Nominated Adviser and Broker to
Baltic.

Commenting on the successful placing and first day of dealings, Simon Escott,
Chief Executive of Baltic said:

"This is a very positive step for Baltic and we are delighted that dealings have
commenced in the company's shares.

"We look forward to commencing life as a listed entity and delivering on our
commitment to start shipping from our terminal in January 2007."



                                    - Ends -


For further information, call:
Simon Escott, Chief Executive, Baltic Oil Terminals PLC            020 7667 6371
Chris Fielding, Arden Partners                                     020 7398 1638
Giles Sanderson/Billy Clegg, Financial Dynamics                    020 7831 3113




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

MSCUNSBRNRRSUAR