Further re. Forward Currency Contract

7 June 2017

Hansteen Holdings PLC

("Hansteen" or the "Company")

Disposal of the German and Dutch portfolios for €1.28 billion to be completed on 16 June

Forward currency contract extended

Further to to the announcement made by the Company on 20 March 2017 of the proposed sale of its German and Dutch portfolios to entities owned by funds advised by affiliates of The Blackstone Group L.P. and M7 Real Estate for €1.28 billion, Hansteen announces that the transaction is expected to complete on 16 June 2017.

Hansteen announced on 20 March 2017 that this transaction would result in an increase in net cash for the Company of approximately Euro 750 million and that in order to hedge the majority of this increase, after taking into account its ongoing requirements for Euros to satisfy certain Euro liabilities, it had entered into a forward currency transaction to sell Euro 580 million for GBP 503,053,011 at GBP: EUR 1.15296, with a maturity date of 8 June 2017.

As the transaction is now expected to complete on 16 June, the Company has agreed to roll forward the maturity date of its forward currency transaction from 8 June to 20 June at the existing rate.

Following completion and repayment of the debt secured against the German and Dutch portfolios (and satisfaction of other incurred costs) Hansteen intends to distribute a substantial portion of the net cash proceeds of the transaction to its shareholders, details of which will be announced as soon as reasonably practicable.

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