Court approval and proposed return of capital

1 May 2018

Hansteen Holdings PLC

("Hansteen" or the "Company")

Court Approval

of

Proposed Return of £145 million of Capital

(Representing 35 Pence per Ordinary Share)

Hansteen (LSE: HSTN), the industrial property investor, announces that the proposed reduction of capital described in the circular to shareholders published on 20 March 2018 (the "Reduction") was, on 1 May 2018, approved by the High Court of Justice Business and Property Courts of England and Wales (the "Court").

The Court order, approving the reduction of the share premium account of the Company by £103,505,347.80 and the cancellation of the capital redemption reserve of the Company, will now be registered with the Registrar of Companies on or before 3 May 2018. Accordingly, upon registration the Reduction will become effective, allowing the return of c. £145 million of capital. Every holder of a fully paid Ordinary Share held at the Record Date (6:00 pm on 2 May 2018) will receive 35 pence in cash (the "Return").

The proposed Reduction and Return were approved by Shareholders at a General Meeting held on 11 April 2018.

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This announcement contains inside information.