Memorandum of Understanding to develop port in Baltysk in Kaliningrad

Alpcot Agro AB (publ) has signed a non-binding memorandum of understanding with Baltic Oil Terminals Plc (“Baltic”) and Alpcot Capital Management Ltd to develop the port of Baltysk in Kaliningrad, Russia.

Baltic is currently operating several terminals for transshipping and storage of hydrocarbons and refined products in the Kaliningrad region. Baltic is interested in expanding its operations in Baltysk, while Alpcot Agro wants to construct a grain terminal in the port of Baltysk. Alpcot Agro has recently acquired 95.2% in BBAH Sweden AB, a company with interests in several farms in Kaliningrad, and control of a grain terminal in Baltysk would facilitate Alpcot Agro’s long-term efforts to find overseas buyers for grains and other crops produced in Kaliningrad. Alpcot Capital Management will be responsible for securing the necessary financing to build the terminal, which will be located adjacent to Baltic’s existing Rosbunker terminal. Alpcot Capital Management will also seek additional partners to develop the port of Baltysk. Baltic will provide its considerable operational expertise, by sourcing suitable terminal equipment and related infrastructure using its long established relationships in the region. Baltic will also provide advice and support on all logistical aspects of the terminal’s development and will assume its day to day operation. Stockholm, 26 April 2010 Alpcot Agro AB (publ) For further information please contact: Björn Lindström, Chief Executive Officer +44 (0) 207518 0530 About Alpcot Agro AB (publ) Alpcot Agro is a Swedish limited liability company incorporated in 2006. The Company's objective is to generate an attractive total return on invested capital by acquiring and farming agricultural land in Russia and in other CIS member states. The shares in Alpcot Agro are listed on First North under the ticker ALPA and the Company's Certified Adviser is Remium. Additional information is available on www.alpcotagro.com. About Baltic Oil Terminals Plc Baltic Oil Terminals Plc. is a UK-based public limited company, listed on the AIM Stock exchange, who manages storage and transshipment facilities for hydrocarbons in the Kaliningrad region in Russia. Additional information is available on www.balticpetroleum.com.