Interim Management Statement
18th May 2012

Hansteen Holdings (LSE: HSTN), the UK and Continental property investment company, announces its Interim Management Statement for the period from 1 January to 18 May 2012.

Highlights:

* 10 properties sold in the period totalling £25.0 million at an average price 4.5% above 31 December 2011 valuations

* â?¬35.6 million of acquisitions in Germany in the pipeline

* 156 new lettings and lease renewals of 160,000 sq m, with annualised rent of £7.0 million

* Total rent roll including HPUT at 30 April 2012, of £76.4 million (31 December 2011: £79.3 million); the reduction is primarily due to adverse exchange rate movement ( £1.5 million) and sales (£1.0 million)

* Net debt, as at 30 April 2012, was £275.0 million (31 December 2011: £306.9 million)

* Net debt to property value, as at 30 April 2012, was 36% (31 December 2011: 39%)

READ FULL STATEMENT HERE

For further information:

Ian Watson/ Morgan Jones
Hansteen Holdings PLC
Tel: 020 7408 7000

Jeremy Carey / Amy Walker
Tavistock Communications
Tel: 020 7920 3150