Hanseatic & Baltic Properties plc
LSE : HBPO

December 22, 2009 06:50 ET

Investment - Correction

HANSEATIC & BALTIC PROPERTIES PLC
INVESTMENT - CORRECTION


Hanseatic  & Baltic Properties Plc ("the Company") announces a correction to the announcement  made  on  18
December  2009  that  it  had agreed to acquire approximately 6.7% of the issued  share  capital  of  Total
Holdings Limited.

The announcement stated that the consideration was USD 4,342,823 to be satisfied by the issue of 27,618,046
new Ordinary Shares of the Company which equated to an issue price of approximately 9.5 pence per share.

The  consideration  was  actually  4,342,823  Singapore  Dollars,  which  equates  to  an  issue  price  of
approximately 6.9 pence per share at today's exchange rate.

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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