Disposal

Metro Baltic Horizons PLC

Completion of Disposal of St. Petersburg asset

For immediate release

17 April 2013

Further to the announcement on 10 April 2013 of the Disposal of the Company's St. Petersburg asset, the Board of Metro Baltic Horizons PLC ("MBH" or the "Company") announces that the sale has now completed and the entire initial purchase consideration received.

The Company is reviewing its Investing Policy in light of the Disposal and will make further announcements as appropriate.

Enquiries

Metro Baltic Horizons PLC

Ronan Reid Tel: +353 1 6333843

S. P. Angel Corporate Finance LLP

Stuart Gledhill Tel: 020 3463 2260

This announcement will be available on MBH's website http://www.metrobaltichorizons.com/ as soon as practicable in accordance with AIM Rule 26.