Directorate Change

The following amendment has been made to the 'Directorate Change' announcement released on 22 February 2018 at 7.00am under RNS No 5881F.

He led the successful IPO of Countrywide in 2013 and a number of capital raising and restructuring exercises.

All other details remain unchanged.

The full amended text is shown below.

22 February 2018

Hansteen Holdings PLC

("Hansteen" or, the "Company")

Directorate Change

The Board of Hansteen (LSE: HSTN), the investor in UK industrial property, announces the appointment of Jim Clarke as an independent non-executive Director with effect from 27 February 2018.

Jim, a Chartered Accountant, has extensive board experience of listed companies in the property and leisure sectors. Until July 2017, he was Group Chief Financial Officer of Countrywide plc, the UK's largest and most successful estate agency and property services group, for ten years. He led the successful IPO of Countrywide in 2013 and a number of capital raising and restructuring exercises. He was a key member of the M&A team delivering significant value creating acquisitions.

Prior to joining Countrywide, he was Finance Director and Company Secretary of JD Wetherspoon PLC for nine years and Finance Director of David Lloyd Leisure (a division of Whitbread plc) for three years.

The Company also announces that, following its announcement on 10 November 2017 of Rebecca Worthington's intention to step down from the Board, she will leave with effect from 20 March 2018 and that Jim Clarke will succeed her as Chairman of the Audit Committee.

Mel Eggleton, Chairman of Hansteen, said: "I am delighted Jim is joining the Board. He has a wealth of experience from which I am sure we will derive great benefit.

"On behalf of the Directors, I would like to thank Rebecca for her exceptional contribution to Hansteen over the past four years, and we wish her well in her new non-executive role with British Land."

[The Company confirms that there are no further disclosures to be made under paragraph 9.6.13 (1) to (6) of the Listing Rules in respect of Jim Clarke.]

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