RNS Number:8028X
Baltic Oil Terminals Plc
05 June 2007

                            Baltic Oil Terminals PLC



                             Disclosure of Holdings


TR-1:            NOTIFICATION OF MAJOR INTEREST IN SHARES



1. Identity of the issuer or the underlying      Baltic Oil Terminals PLC
issuer of 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                                                      (Yes)


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):


3. Full name of person(s) subject to the                     Utilico Emerging Markets Limited
notification obligation:


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


5. Date of the transaction (and date on which                            01/06/07
the threshold is crossed or reached if
different):


6. Date on which issuer notified:                                        04/06/07


7. Threshold(s) that is/are crossed or reached                              7%


8. Notified details:




A: Voting rights attached to shares
Class/type of shares  Situation previous to the Resulting situation after the triggering transaction
                      Triggering transaction


If possible using the Number of    Number of    Number of     Number of voting rights % of voting rights
ISIN CODE             Shares       Voting       shares
                                   Rights       Direct        Direct       Indirect   Direct      Indirect


GB00B12V3082          3,310,929    3,310,929    3,460,929     3,460,929               7.26%








B: Financial Instruments


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


Total (A+B)


Number of voting rights                          % of voting rights


3,460,929                                        7.26




9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable:


N/A




Proxy Voting


10. Name of the proxy holder:                                       Utilico Emerging Markets Limited


11. Number of voting rights proxy holder will cease to hold:        N/A


12. Date on which proxy holder will cease to hold voting rights:    N/A




13. Additional information:                       N/A





                                                                     5 June 2007



Enquiries:
Baltic Oil Terminals plc
Robert Wilde                                           +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
            The company news service from the London Stock Exchange
END

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