PAN Pan European Terminals

RNS Number:6699W
Baltic Oil Terminals Plc
16 May 2007



                            Baltic Oil Terminals PLC



                            ("Baltic"or "the Group")



                           CEPRUSS Acquisition Update



Baltic Oil Terminals PLC (AIM: BTC), the owner and operator of oil terminals in
Kaliningrad and with significant interests in exploration assets in the Kurgan
region of Western Siberia, Russia, announced on 1 May 2007 that it expected that
agreement with the vendors of CEPRUSS would be reached by 15 May 2007.



However, the sale and purchase agreement is still in the process of being
concluded.



The Board believes that an agreement can be reached imminently on terms that are
acceptable to both Baltic and the vendors.



A further announcement will be made when appropriate.



                                                                     16 May 2007

Enquiries


Baltic Oil Terminals plc

Simon Escott                                         +44(0) 207 667 6371


Pelham PR

Archie Berens                                        +44(0) 207 743 6679

Evgeniy Chuikov                                      +44(0) 203 008 5506






                      This information is provided by RNS
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