GENERAL TEXT AMENDMENT

The following amendment has been made to the 'Acquisition of AIF units; AIF disposals' announcement released on 22 December 2015 at 07:00 under RNS No 8014J.

The price per unit in the first paragraph should have read £0.4869 (not 0.4869 pence)

All other details remain unchanged.

The full amended text is shown below.

22 December 2015

Hansteen Holdings PLC

("Hansteen")

Hansteen acquires £15.4 million of AIF units and completes £20 million of disposals from AIF

Hansteen (LSE: HSTN), the UK and Continental European property investment company, announces that it has acquired a further 31.6 million units in the Ashtenne Industrial Fund ("AIF") from Britel Fund Trustees Limited for £15.4 million cash, reflecting a price per unit of £0.4869. The price represents an effective 5% discount to Hansteen's carrying value for the Fund as at 30 June 2015. This acquisition represents 5.3% of the units and increases Hansteen's holding in AIF to 81.8%.

The Company also announces that AIF has sold 10 properties in individual transactions for a combined £20 million. The prices represent a profit of £3.0 million over 31 December 2014 book value and £0.4 million over the latest valuation. The properties sold total more than 430,000 sq ft and produce a total annual passing rent roll of £1.0 million.

AIF owns some 12.0 million sq ft of multi-let industrial properties in the UK. At 30 June 2015, the portfolio consisted of 2,935 units at 237 individual estates, with an annual rent roll of £36.2 million and vacancy of 13.5%. The gross asset value of the properties was £439.3 million.

Morgan Jones, joint chief executive of Hansteen, commented: "The acquisition of these units in AIF was an excellent opportunity to consolidate our holding in the Fund, as we believe there is scope for further growth in both value and income.

"The prices achieved on the disposals reflect the continuing strong demand for industrial property".

For further information:

Notes to Editors:

HANSTEEN HOLDINGS PLC

Hansteen Holdings PLC (LSE:HSTN) is a European industrial REIT that invests in properties with high yields, low capital costs and opportunity for value improvement across the Netherlands, Germany, Belgium, France and the UK.

Founded by Morgan Jones and Ian Watson, the Company listed on Aim in November 2005 raising £125 million. In 2009, it raised a further £200.8 million by way of a Placing and Open Offer and moved to the Official List, converting to a REIT shortly thereafter. In April 2011, the Company raised a further £150 million by way of a Placing and Open Offer.

At 30 June 2015, Hansteen had total property under management of some 507 assets with a value of £1.5 billion.