Forward Currency Contract

20 March 2017

Hansteen Holdings PLC

("Hansteen", the "Company", or, the "Group")

Forward Currency Contract

Hansteen (LSE: HSTN) announced this morning (20 March 2017)] that it has agreed to dispose of its German and Dutch portfolios for Euro 1.28 billion which would result in an increase in net cash for the Company of approximately Euro 750 million following completion of the transaction, expected in June 2017.

In order to hedge the majority of this increase, after taking into account the Group's ongoing requirements for Euros to satisfy certain Euro liabilities, the Company today entered into a forward currency transaction to sell Euro 580 million for GBP 503,053,011.38 at GBP: EUR 1.15296, with a maturity date of 8 June 2017.

For further information:

Teresa Furmston

Company Secretary

Hansteen Holdings PLC 

Tel: 020 7408 7000