HSTN.L Regulatory News (HSTN)

8 November 2017

Hansteen Holdings PLC

("Hansteen" or, the "Company")

PURCHASE OF TENDER OFFER SHARES

Further to its announcement on Monday 6 November of the results of its Tender Offer, Hansteen (LSE: HSTN.L), the industrial property investor, confirms that, under the terms of the Option Agreement, it has purchased from Peel Hunt 412,946,522 Ordinary Shares in the Company, at the Tender Offer Price of 140 pence per Ordinary Share, representing a total cost of £578.13 million. The Ordinary Shares purchased by the Company are today being cancelled in accordance with the Option Agreement. The Ordinary Shares were originally purchased by Peel Hunt pursuant to the Tender Offer at the Tender Offer Price.

Following completion of the Tender Offer and the cancellation of the 412,946,522 Ordinary Shares, the Company's issued ordinary share capital will be 412,946,995 Ordinary Shares. Shareholders should use this number as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

In addition, following completion of the Tender Offer, the number of Ordinary Shares held by the Employee Benefit Trust which are therefore excluded from the EPS calculation is 103,471.

Capitalised words and expressions in this announcement shall, unless the context provides otherwise, have the same meanings as in the Circular published by the Company on 4 October 2017.

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