Apollo Capital Management GP Form 4 Change in insider ownership

Exhibit 99.2

This Statement on Form 4 is filed by:  (i) Apollo Value Investment Master Fund, L.P., (ii) Apollo Value Advisors, L.P., (iii) Apollo Value Capital Management, LLC, (iv) Apollo Value Management, L.P., (v) Apollo Value Management GP, LLC, (vi) Apollo Special Opportunities Managed Account, L.P., (vii) Apollo SOMA Advisors, L.P., (viii) Apollo SOMA Capital Management, LLC, (ix) Apollo SVF Management, L.P., (x) Apollo SVF Management GP, LLC, (xi) Apollo Credit Strategies Master Fund Ltd., (xii) Apollo ST Fund Management LLC, (xiii) Apollo ST Operating LP, (xiv) Apollo ST Capital LLC, (xv) ST Management Holdings LLC, (xvi) Apollo Capital Spectrum Fund, L.P., (xvii) Apollo Capital Spectrum Advisors, LLC, (xviii) Apollo Capital Spectrum Management, LLC, (xix) Apollo Capital Management, L.P., (xx) Apollo Capital Management GP, LLC, (xxi) Apollo Principal Holdings II, L.P., (xxii) Apollo Principal Holdings II GP, LLC, (xxiii) Apollo Management Holdings, L.P., and (xxiv) Apollo Management Holdings GP, LLC

Name of Designated Filer:  Apollo Management Holdings GP, LLC

Date of Event Requiring Statement:  April 10, 2015

Issuer Name and Ticker or Trading Symbol:  Baltic Trading Limited [BALT]

APOLLO VALUE INVESTMENT MASTER FUND, L.P.
By:	Apollo Value Advisors, L.P.
	its managing general partner
	By:	Apollo Value Capital Management, LLC
		its general partner
		By:	/s/ Joseph D. Glatt
		Name:	Joseph D. Glatt
		Title:	Vice President
APOLLO VALUE ADVISORS, L.P.
By:	Apollo Value Capital Management, LLC
	its general partner
	By:	/s/ Joseph D. Glatt
	Name:	Joseph D. Glatt
	Title:	Vice President
APOLLO VALUE CAPITAL MANAGEMENT, LLC
By:		/s/ Joseph D. Glatt
Name:		Joseph D. Glatt
Title:		Vice President

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APOLLO VALUE MANAGEMENT, L.P.
By:	Apollo Value Management GP, LLC
	its general partner
	By:	/s/ Joseph D. Glatt
	Name:	Joseph D. Glatt
	Title:	Vice President
APOLLO VALUE MANAGEMENT GP, LLC
By:		/s/ Joseph D. Glatt
Name:		Joseph D. Glatt
Title:		Vice President
APOLLO SPECIAL OPPORTUNITIES  MANAGED ACCOUNT, L.P.
By:	Apollo SOMA Advisors, L.P.
	its managing general partner
	By:	Apollo SOMA Capital Management, LLC
		its general partner
		By:	/s/ Joseph D. Glatt
		Name:	Joseph D. Glatt
		Title:	Vice President
APOLLO SOMA ADVISORS, L.P.
By:	Apollo SOMA Capital Management, LLC
	its general partner
	By:	/s/ Joseph D. Glatt
	Name:	Joseph D. Glatt
	Title:	Vice President
APOLLO SOMA CAPITAL MANAGEMENT, LLC
By:		/s/ Joseph D. Glatt
Name:		Joseph D. Glatt
Title:		Vice President

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APOLLO SVF MANAGEMENT, L.P.
By:	Apollo SVF Management GP, LLC
	its general partner
	By:	/s/ Joseph D. Glatt
	Name:	Joseph D. Glatt
	Title:	Vice President
APOLLO SVF MANAGEMENT GP, LLC
By:		/s/ Joseph D. Glatt
Name:		Joseph D. Glatt
Title:		Vice President
APOLLO CREDIT STRATEGIES MASTER FUND LTD.
By:	Apollo ST Fund Management LLC
	its investment manager
	By:	/s/ Joseph D. Glatt
	Name:	Joseph D. Glatt
	Title:	Vice President
APOLLO ST FUND MANAGEMENT LLC
By:		/s/ Joseph D. Glatt
Name:		Joseph D. Glatt
Title:		Vice President
APOLLO ST OPERATING LP
By:	Apollo ST Capital LLC
	its general partner
	By:	/s/ Joseph D. Glatt
	Name:	Joseph D. Glatt
	Title:	Vice President

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APOLLO ST CAPITAL LLC
By:		/s/ Joseph D. Glatt
Name:		Joseph D. Glatt
Title:		Vice President
ST MANAGEMENT HOLDINGS LLC
By:		/s/ Joseph D. Glatt
Name:		Joseph D. Glatt
Title:		Vice President
APOLLO CAPITAL SPECTRUM FUND, L.P.
By:	Apollo Capital Spectrum Advisors, LLC
	its general partner
	By:	/s/ Joseph D. Glatt
	Name:	Joseph D. Glatt
	Title:	Vice President
APOLLO CAPITAL SPECTRUM ADVISORS, LLC
By:		/s/ Joseph D. Glatt
Name:		Joseph D. Glatt
Title:		Vice President
APOLLO CAPITAL SPECTRUM MANAGEMENT, LLC
By:		/s/ Joseph D. Glatt
Name:		Joseph D. Glatt
Title:		Vice President
APOLLO CAPITAL MANAGEMENT, L.P.
By:	Apollo Capital Management GP, LLC
	its general partner
	By:	/s/ Joseph D. Glatt
	Name:	Joseph D. Glatt
	Title:	Vice President

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APOLLO CAPITAL MANAGEMENT GP, LLC
By:		/s/ Joseph D. Glatt
Name:		Joseph D. Glatt
Title:		Vice President
APOLLO PRINCIPAL HOLDINGS II, L.P.
By:	Apollo Principal Holdings II GP, LLC
	its general partner
	By:	/s/ Joseph D. Glatt
	Name:	Joseph D. Glatt
	Title:	Vice President
APOLLO PRINCIPAL HOLDINGS II GP, LLC
By:		/s/ Joseph D. Glatt
Name:		Joseph D. Glatt
Title:		Vice President
APOLLO MANAGEMENT HOLDINGS, L.P.
By:	Apollo Management Holdings GP, LLC
	its general partner
	By:	/s/ Joseph D. Glatt
	Name:	Joseph D. Glatt
	Title:	Vice President
APOLLO MANAGEMENT HOLDINGS GP, LLC
By:		/s/ Joseph D. Glatt
Name:		Joseph D. Glatt
Title:		Vice President

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