Publication of Prospectus

13 April 2011

Hansteen Holdings PLC ("Hansteen" or the "Company")

PUBLICATION OF PROSPECTUS

Further to the announcement this morning in relation to a proposed share issue to raise gross proceeds of approximately £150.0 million (approximately £147.0 million net of expenses) through the issue of 185,185,186 new ordinary shares by way of a placing and open offer at a price of 81p per new ordinary share, fully underwritten by Peel Hunt (the "Placing and Open Offer"), Hansteen announces that a prospectus relating to the Placing and Open Offer (the "Prospectus") has been approved by the UK Listing Authority (the "UKLA") today.

The Prospectus is expected to be posted to shareholders later today, and copies of the Prospectus, which includes a notice convening a general meeting of Hansteen to be held at the offices of Jones Day, 21 Tudor Street, London, EC4Y 0DJ at 10.00 a.m. on Friday 6 May 2011, has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.

In addition, the Prospectus will shortly be available to view on the Company's website at www.hansteen.co.uk/investor-centre/public-documents.php and will be available for inspection at the offices of Jones Day, 21 Tudor Street, London EC4Y 0DJ during usual business hours on any weekday (Saturdays, Sundays and public holidays excepted).

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