Directorate Change

18 October 2010 

Hansteen Holdings PLC

("Hansteen" or "the Company")

HANSTEEN STRENGTHENS BOARD WITH TWO NON-EXECUTIVE DIRECTORS AND FINANCE DIRECTOR

Hansteen Holdings PLC (LSE: HSTN), the investor in UK and continental European real estate, announces three new appointments to its board: Richard Cotton and Humphrey Price as non-executive directors, and Richard Lowes as Finance Director, all with immediate effect.

Richard Cotton has 32 years of experience in the property investment business in the UK and Europe. Prior to his appointment as a managing director of Forum Partners in June 2009, he was head of Real Estate at J.P. Morgan Cazenove where he advised a wide range of property company clients and was involved in many major public market transactions in the sector.

Humphrey Price FCA has held a variety of senior roles in the real estate sector and is currently a non-executive director of London & Stamford Property PLC. Prior to this, he was the Finance Director of Pillar Property PLC from 1993 to 2004 and before that Finance Director of Arlington Securities PLC. He is a director and Trustee of the Sussex Community Foundation.

Richard Lowes FCCA joined Hansteen on 1 January 2006 as Chief Financial Officer and Company Secretary. Prior to this he worked in a similar role for Ashtenne Holdings plc between 1997 and 2005 and as a Finance Director of Trafalgar House Property Limited and a director of Ideal Homes Holdings PLC from 1988 to 1995

James Hambro, Non-Executive Chairman of Hansteen, commented: "Following Hansteen's move from AIM to the main market and conversion into a REIT last year, we are delighted to have strengthened our board with the addition of three new members. Their depth of experience in the sector will be of great benefit to Hansteen in the next stages of the Group's development."

No other information is required to be disclosed pursuant to paragraph LR 9.6.13R of the Listing Rules of the Financial Services Authority.

ENQUIRIES:

Notes to Editors:

Hansteen Holdings PLC is a REIT formed by Morgan Jones and Ian Watson, the founders and former directors of Ashtenne Holdings PLC.

Hansteen was floated to invest in high yielding industrial properties with high yields, low financing costs and opportunity for value improvement through asset management in continental Europe and the UK.

Hansteen is listed on the Official List, trading under the symbol HSTN. It moved up to the Official List, from AIM, in September 2009, having converted to a REIT at the same time.