Investment Transaction

Metro Baltic Horizons plc

Sale of 30.7% interest in Metro Plaza

On 30 September 2010, Metro Baltic Horizons plc ("MBH" or the "Company"), advised that it was in advanced discussions regarding the potential sale of a minority stake in one of the Company's projects. The Company today announces that it has concluded an agreement for the sale to Lords LB Baltic Fund 1 (the 'Buyer') of a 30.7% shareholding in Focus Kinnisvara OU ('Focus'), the Company's 80.7% owned subsidiary, whose principal and only property asset is Metro Plaza , a recently developed office building prominently located in Tallinn ('Metro Plaza'). The Buyer is a €25 m real estate fund managed by UAB Lords LB Asset Management, which is registered in Lithuania and regulated by the Lithuanian Securities Commission. The Buyer is independent of both the Company and the Investment Manager. Under the terms of the agreement, the total consideration, payable in cash, to the Company will be approximately €2.1m which implies a value for Metro Plaza approximately 7% above the latest independent valuation of Metro Plaza as at 30 June 2010 (€19.2m). The proceeds of the disposal will be used by the Company to pay Company debt and for working capital purposes. The Buyer is also acquiring a 19.7% minority shareholding in Focus held by an unrelated party on the same terms as its acquisition from the Company. The Company and the Buyer have also entered in to a shareholders' agreement to cover all usual commercial aspects of their relationship.

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.