Media Centre

Press Releases

Board Changes

Baltic Oil Terminals, the infrastructure company with operations in Kaliningrad, Russia, today announces the appointment of Richard Healey as Non-Executive Chairman, with immediate effect. Richard Healey replaces Philip Dayer, who is stepping down from the Board after serving as Non-Executive Chairman for more than two years following the Company's Admission to AIM in May 2006. The Board would like to acknowledge its gratitude to Philip for leading the Group through its successful flotation and subsequent development.

Richard Healey, aged 61, has a broad range of commercial experience, having run a number of international subsidiaries of engineering companies Alcatel SA, Crouzet SA, Morgan Crucible plc and Bowthorpe Holdings plc for more than twenty years. All of these companies had significant engineering operations throughout the world. He holds a degree in Mechanical Engineering and has worked in the UK, the USA, Europe, Australia, India and Singapore. He is currently a director of Equatorial Energy PLC, Kew Partners Ltd, Churcham Ltd and Executive Chairman of Nusantara Energy PLC.

Baltic also announces that Fred Hodder is stepping down as a Non-Executive Director of the Company, with immediate effect. The Board would like to thank Philip and Fred for their contribution and wish them every success for the future.

Simon Escott, Chief Executive of Baltic, commented:

"I am delighted to welcome Richard to our Board. His extensive experience of overseeing complex projects in foreign jurisdictions will undoubtedly be of great value to Baltic, as will his knowledge of the AIM market. The coming months will be important for Baltic and I am certain we will benefit from Richard's expertise."

In accordance with Schedule 2(g) and rule 17 of the AIM Rules, the company discloses the following information in respect of Mr Healey:

Current directorships:	Equatorial Energy PLC, Kew Partners Ltd, Churcham Ltd, Nusantara Energy PLC and PT Artha Nusantara Resources
Previous directorships in the last five years:	Saturn Technologies Limited, Platinum Mining Corporation of India Limited, PMCI (UK) Limited, Planet Metals India Private Limited, Boula Platinum Mining Private Ltd, Baybrees Limited, Global Aviation Investments plc, Jupiter Energy Resources Ltd, Funzone Limited and Access Life Engineering Limited
Other information:	Mr Healey was a director of Saturn Technologies Limited (''Saturn'') from 2 April 2003 until 1 June 2004. On 23 April 2004, a petition for the compulsory winding-up of Saturn under the Insolvency Act 1986 was brought by the Commissioners of Inland Revenue in respect of debts amounting to approximately £250,000. On 9 June 2004 it was ordered by the High Court of Justice that Saturn be wound-up.

Save as set out above, there is no further information to be disclosed in respect of Mr Healey under Schedule 2(g) and rule 17 of the AIM Rules.

Enquiries:
Baltic Oil Terminals plc	Tel: +44 (0)20 7034 7030
Simon Escott, Chief Executive
Arbuthnot Securities Limited	Tel: +44 (0)20 7012 2000
Alastair Moreton, Corporate Finance
Pelham PR
Archie Berens
Evgeniy Chuikov	Tel: +44 (0)20 3008 5506
James Moore	Tel: +44 (0)20 31786243