Pan European Terminals PLC Contract Win (3401P)

TIDMPAN

RNS Number : 3401P

Pan European Terminals PLC

01 October 2013

1 October 2013

Pan European Terminals PLC

("PAN" or "the Company")

New Contract Award

Pan European Terminals (AIM: PAN), which provides transhipment and storage facilities into Europe and Russia for the hydro-carbon industry, is pleased to announce that its 100% owned subsidiary, Dan Balt Tank Lager A/S ("Dan Balt"), yesterday entered into a contract with a major European energy producer for the storage of Heavy Fuel Oil product in Dan Balt's Aabenraa terminal.

The contract commences immediately, with the first delivery expected in mid-October 2013. The new customer will have the exclusive use of tanks 27 and 28 for a minimum of six months, extendable at the option of both parties.

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Enquiries:

Pan European Terminals plc Tel: [phone]

Simon Escott, Chief Executive Mob: [phone]

   Westhouse Securities Ltd (Nomad and Broker)                             Tel: [phone] 

Richard Johnson / Antonio Bossi

Leander (Financial PR) Tel: [phone]

Christian Taylor-Wilkinson

Notes to Editors:

Pan European Terminals Plc operates hydrocarbon refined product Storage and Transhipment Terminals in Aabenraa (Denmark), Kaliningrad City (Russia) and Baltysk (Russia). It also leases and operates tanks in Rotterdam (Holland). The Group presently has approx. 400,000 Cubic Meters of tank capacity under ownership or management, with approximately 40% of its annual profit now being derived from its non-Russian assets. The Group has been building critical mass in this field for three years and offers its customers flexibility, competitive rates and excellent facilities for storage, transhipment and bunkering services.

This information is provided by RNS

The company news service from the London Stock Exchange

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