Result of General Meeting

1 April 2010

Hansteen Holdings PLC

 ("Hansteen" or the "Company")

RESULT OF GENERAL MEETING

Hansteen Holdings (LSE:HSTN), the investor in UK and continental European real estate, is pleased to announce that the Resolution to approve the Proposed Acquisition of an 861,010 sq m German industrial property portfolio from HBI S.à r.l. and HBI Delta Sub S.à r.l. for an effective acquisition cost of approximately €330 million was passed by Shareholders at the General Meeting of the Company held earlier today.

Completion of the acquisition is expected to take place on 8 April 2010.

Full details of the Proposed Acquisition and the Resolution were set out in the Company's circular to Shareholders dated 16 March 2010.

The proxy votes over 338,291,164 Ordinary Shares lodged in respect of the Resolution were as follows:

In accordance with Listing Rule 9.6.2, two copies of the Resolution passed at the meeting have been submitted to the UK Listing Authority, and will shortly be available for inspection at the Document Viewing Facility, which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf London

E14 5HS

Details of the proxy votes received in advance of the meeting will also shortly be available on the Company's website, www.hansteen.co.uk.

ENQUIRIES:

Terms used but not defined in this announcement have the meanings given to them in the circular sent by the Company to shareholders dated 16 March 2010 unless the context requires otherwise.