PAN Pan European Terminals

TIDMPAN

Pan European Terminals PLC

08 October 2013

8 October 2013

Pan European Terminals PLC

("PAN" or the "Company")

Operational Update from Dan Balt

Pan European Terminals (AIM: PAN), which provides transhipment and storage facilities into Europe and Russia for the hydro-carbon industry, announces that its 100% owned subsidiary, Dan Balt Tank Lager A/S ("Dan Balt"), has been notified by its client, Monjasa, of an increase to its ship-to-ship (STS) bunkering fleet in the Ska region of the Danish Straits, one of the busiest straits in the world for shipping density (www.marinetraffic.com).

Monjasa has increased its fleet, by the addition of the MT San Padre Pio, which completed its first bunkering operation at Dan Balt's Aabenraa terminal on 7 October 2013. Dan Balt will in consequence see a greater throughput of product at the terminal. The vessel is less than one year old and has been modified in Aabenraa to undertake STS bunkering in the Skagen area.

New Safety and Disaster Management Plan

Due to the extensive upgrades that have been carried out in the last nine months in the Dan Balt terminal, the management team have, together with Ramboll as consultants and advisors, produced a new five year Safety and Disaster Management Plan ("SDM Plan") for the approval of the local Danish authorities, including the police and health and safety departments.

This extensive SDM Plan covers all aspects of disaster recovery and mitigation that might arise in the next five years. It is hoped that the SDM Plan will receive final approval from the authorities, who have been involved in the process with the Company throughout the year, in January 2014.

A full copy of the SDM Plan will be published on the PAN website in due course.

-ends-

Enquiries:

Pan European Terminals plc Tel: +44 (0)20 3145 1908

Simon Escott, Chief Executive Mob: +44 (0)7920 095 800

   Westhouse Securities Ltd (Nomad and Broker)                             Tel: +44 (0)20 7601 6000 

Richard Johnson / Antonio Bossi

Leander (Financial PR) Tel: +44 (0)7795 168 157

Christian Taylor-Wilkinson

Notes to Editors:

Pan European Terminals Plc operates hydrocarbon refined product Storage and Transhipment Terminals in Aabenraa (Denmark), Kaliningrad City (Russia) and Baltysk (Russia). It also leases and operates tanks in Rotterdam (Holland). The Group presently has approx. 400,000 Cubic Meters of tank capacity under ownership or management, with approximately 40% of its annual profit now being derived from its non-Russian assets. The Group has been building critical mass in this field for three years and offers its customers flexibility, competitive rates and excellent facilities for storage, transhipment and bunkering services.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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