Hansteen Announce Preliminary Results

Hansteen Holdings PLC (AIM: HSTN), the investor in continental European real estate, announces preliminary results for the twelve months ended 31 December 2007

Highlights

* Net Asset Value of 138 pence per share (2006 114 pence per share) an increase of 21%*

* Pre-tax profits £20.4 million (2006 £22.1 million for a 14 month period)

* Dividend of 3.2 pence per share (2006 3.0 pence per share) an uplift of 7%

* Property assets of £411.9 million (2006 £145.6 million) an increase of 183%

* Net debt of £150 million, 36% net debt to value

* Equity increased through placing of £68.5 million net

* Normalised returns £9.8 million (2006 £6.3 million)**

*Diluted EPRA basis

**Pre tax profit excluding foreign currency contractual effects and gains on investment properties

Hansteen Chairman, James Hambro commented: “2007 has been an active and successful year for Hansteen with net asset value per share increasing by 21%. The Group has started 2008 with a widely spread, high yielding portfolio and low gearing levels. Hansteen’s strategy is to continue to develop its portfolio of logistical and warehouse properties and, during the year, we expect to see more interesting and attractively priced buying opportunities.”

* Download Preliminary Results here *
http://www.hansteen.co.uk/PDFs/Hansteen_Preliminary_Results_08042008.pdf