Directorate Change

11 November 2013

HANSTEEN HOLDINGS PLC

("Hansteen" or, the "Company")

BOARD CHANGES

The Board of Hansteen announces that it has been informed by Stephen Gee of his intention to retire as a Non-Executive Director of the Company before the Annual General Meeting on 9 June 2014.

Mr Gee has stepped down as Chairman of the Audit Committee and will be succeeded by Humphrey Price with immediate effect. He will remain a member of the Audit Committee until his retirement. Mr Price has been a Non-Executive Director of the Company since October 2010 and a member of the Audit Committee since December 2010. 

The selection process to find Stephen's replacement and one additional Non-Executive Director to join the Board has begun and further announcements will be made in due course.

James Hambro, Chairman of Hansteen, said: "Stephen has been a member of the Board since Hansteen was formed in 2005. On behalf of the Board, I would like to thank Stephen for his substantial contribution and commitment to Hansteen's growth and success over the past eight years. We will continue to benefit from his wise and constructive counsel over the coming months."

Ian Watson and Morgan Jones, joint Chief Executives of Hansteen, added: "We would like to thank Stephen for the enormous support and encouragement he has given us, not just in building Hansteen, but also as a director of our previous business, Ashtenne. We will miss his invaluable guidance."