Suspension of Shares

Metro Baltic Horizons plc (MET.L)

Suspension of shares

15 November 2010

The Company refers to an announcement which was released on 11 November 2010 and which is no longer available on the website of the London Stock Exchange.The Company confirms by way of clarification that it has been made aware of potential inconsistencies relating to the Company's financial arrangements.Pending further investigation, the Company requested that trading in the Company's shares be suspended. The suspension of trading in the Company's shares took effect on 11 November 2010.A further announcement will be made in due course.

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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.