Hanseatic & Baltic Properties plc
LSE : HBPO

May 27, 2011 11:15 ET

Director changes

HANSEATIC & BALTIC PROPERTIES PLC
DIRECTOR CHANGES


Hanseatic  &  Baltic  Properties Plc ("Hanseatic & Baltic" or "the Company") announces the  resignation  of
Nigel Weller as Director as of 27 May 2011, who wishes to concentrate on other business interests.

Replacing Mr Weller as a non-executive director is Shoaib Lakhany as of 27 May 2011.

Mr  Lakhany's extensive career in accountancy, treasury and the financial markets spans over 25 years. Over
this  period,  Mr  Lakhany has held numerous director and senior management positions within  institutional
investment houses in UK and USA.

Today,  at  Fixi plc, Mr Lakhany manages the firm's treasury and risk management and key relationship  with
institutional and high net worth clients. He holds an honours degree in Accountancy, Finance and  Economics
and is an FSA approved person.

Mr Lakhany has held the following directorships during the past five years:

Director                   Current directorships:     Previous directorships:

Shoaib Lakhany             Fixi plc                   Ikon capital Limited
                                                      Aurum finance Limited



There are no other matters which are required to be announced pursuant to Paragraph 18 of Appendix 1 of the
PLUS Markets "Rules for Issuers".

The Directors of the Issuer accept responsibility for this announcement.

FOR FURTHER INFORMATION PLEASE CONTACT:

Leo Knifton
Hanseatic & Baltic Properties PLC
Finsgate
5-7 Cranwood Street
London
EC1V 9EE

Tel: +44 (0) 20 7309 2280
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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