Hanseatic & Baltic Properties plc
LSE : HBPO

December 18, 2009 06:32 ET

Investment

HANSEATIC & BALTIC PROPERTIES PLC
INVESTMENT


Hanseatic  & Baltic Properties Plc ("Hanseatic & Baltic" or "the Company") is pleased to announce  that  it
has  agreed  to  acquire approximately 6.7% of the issued share capital of Total Holdings  Limited  ("Total
Holdings"), a company incorporated in the Cayman Islands, for a consideration of USD 4,342,823 to be 
satisfied by  the  issue  of  27,618,046  new Ordinary Shares of the Company. This  equates  to  an  issue
price  of approximately 9.5 pence per share at today's exchange rate. This represents a significant premium
above the mid price of 0.35p.

The consideration paid equals Total Holdings net asset value as at 31 March 2009.

Total Holdings is predominantly a property investment company with properties in the UK and Far East. Total
Holdings also has investments in listed companies on the AIM and Dhaka markets.

The  Company will now have 92,368,046 Ordinary shares of 0.001p each in issue. The seller of the shares  in
Total Holdings Limited, a company called Svelte.com Limited will own 29.9% of the enlarged share capital of
the Company. Svelte.com Limited is beneficially owned by Lawrence Van Kampen-Brooks.

The Directors of the Issuer accept responsibility for this announcement.

FOR FURTHER INFORMATION PLEASE CONTACT:

Nigel Weller
Hanseatic & Baltic Properties PLC
Finsgate
5-7 Cranwood Street
London
EC1V 9EE

Tel:  +44 (0) 20 7309 2250
Fax: +44 (0) 20 7566 0023

Nick Michaels
Alfred Henry Corporate Finance Limited
Tel:  +44 (0) 20 7251 3762

Contact Information

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