Appointment of Director

Metro Baltic Horizons plc (MET.L)

Appointment of Director

15 April 2011

The Board of Metro Baltic Horizons plc ('Metro' or the 'Company') is pleased to announce the appointment, effective today, of Tim Crowley as a non-executive director to the Company. The Directors welcome Mr Crowley to the Board and look forward to working with him both going forward.

The details of the present and past directorships/partnerships of Mr Crowley (aged 43) are set out below:

* Firstcastle Holdings Ltd was placed into members voluntary liquidation in 2010

Save as set out above, Mr Crowley does not:

(i) have any unspent convictions in relation to indictable offences; or

(ii) has been bankrupt or entered into an individual voluntary arrangement; or

(iii) was a director of any company at the time of or within 12 months preceding any receivership, compulsory liquidation, creditors' voluntary liquidation, administration, company voluntary arrangement or any composition or arrangement with that company's creditors generally or with any class of its creditors; or

(iv) has been a partner in a partnership at the time of or within 12 months preceding any compulsory liquidation, administration or partnership voluntary arrangement of such partnership; or

(v) has had his assets the subject of any receivership or has been a partner of a partnership at the time of or within 12 months preceding any assets thereof being the subject of a receivership; or

(vi) has been subject to any public criticism by any statutory or regulatory authority (including any recognised professional body) or has ever been disqualified by a court from acting as a director of a company or from acting in the management or conduct of the affairs of a company.

Mr Crowley currently holds 430,587 shares in the Company and has a financial interest in an additional 10,000 shares in the Company.

Ronan Reid, Chairman of the Company commented:

"Mr Crowley has extensive experience in the property industry gained over a number of years which the Board believes will benefit the Company going forward."

For further information, please contact:

Notes to Editors 

Metro Baltic Horizons (ticker code: MET.L) is a property investment company targeting development opportunities in the cities of St Petersburg, Russia and Riga and Tallinn, the capitals of Latvia and Estonia respectively. The Company's Investment Manager is a member of the Metro Capital Management Group, an experienced property asset manager and developer with offices in Riga, Tallinn and St Petersburg. It has a team of 18 experienced professionals managing a portfolio of 21 projects across the region where it has been active since 2001.