NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

23 March 2017

Hansteen Holdings PLC

("Hansteen" or the "Company")

Publication of Circular and Notice of General Meeting

Further to the announcement on 20 March 2017, Hansteen announces that it has today published the Class 1 circular and Notice of General Meeting in respect of the proposed disposal of its German and Dutch Portfolio to  entities owned by funds advised by affiliates of the Blackstone Group L.P., and M7 Real Estate (the "Circular").

The General Meeting to approve the Transaction will be held at offices of Jones Day, 21 Tudor Street, London EC4Y 0DJ, on 21 April 2017 at 11:00 am. Completion of the Transaction is expected to occur before the end of June 2017.

A copy of the Circular can be viewed on the Company's website at www.hansteen.co.uk and has been forwarded to the FCA for publication through the Document Viewing Facility and will be accessible via the National Storage Mechanism website at http://www.morningstar.co.uk/uk/NSM.

Capitalised terms in this announcement shall have the meaning given to them in the Circular.

Expected timetable of principal events

Enquiries:

Peel Hunt LLP is authorised and regulated by the Financial Conduct Authority, is acting as financial adviser and sponsor to Hansteen and no-one else in connection with the Transaction and the contents of this announcement and will not be responsible to anyone other than Hansteen for providing the protections afforded to clients of Peel Hunt LLP, or for providing advice in relation to any of the Transaction, the contents of this announcement or any matters referred to herein.