Hanseatic & Baltic Properties plc
LSE : HBPO

June 24, 2011 10:45 ET

Notice of AGM

HANSEATIC & BALTIC PROPERTIES PLC
NOTICE OF ANNUAL GENERAL MEETING


Hanseatic  &  Baltic Properties Plc ("Hanseatic & Baltic" or "the Company") announces the convening  of  an
Annual  General Meeting ("AGM") of the Company to be held at 11:00 a.m. on 2 August 2011 at  Finsgate,  5-7
Cranwood Street, London EC1V 9EE.

The business of the AGM is as set out below:-

ORDINARY BUSINESS

As ordinary resolutions

1.      To  receive and adopt the statement of accounts for the year ended 31 December 2010, together  with
        the reports of the directors and the auditors thereon.
2.      That Mr. Shoaib Lakhany, a Director retiring by rotation in accordance with article 103 of the
        Company's Articles of Association, be and is hereby re-elected as a Director of the Company.
3.      To  re-appoint Jeffreys Henry LLP as auditors of the Company and to authorise the Directors to  fix
        the remuneration of Jeffreys Henry LLP.

SPECIAL BUSINESS

As an ordinary resolution

4.      To authorise and approve that the Directors take all steps necessary or, in the opinion of the
        Directors, reasonable, to give full effect to and implement a new investment strategy.

        The  Company was set up primarily as a professionally managed investment company to invest  in  all
        classes  of  residential  and  investment properties. The focus  was  on  high  quality  investment
        opportunities in Scandinavia, St Petersburg, Russia, the Baltic States, the maritime  provinces  of
        Poland and the Hamburg Schleswig Holstein region of Germany.
        
        The Directors believe there is potential to extend the scope of the Company's activities to include
        businesses  in  the  financial  sector  that are concerned with  real  estate  or  otherwise  offer
        opportunities  for capital growth and earnings, and attractive residential and property  investment
        opportunities  in other parts of the world. The Directors wish to expand their investment  strategy
        worldwide  to  take advantage of the different economic performances of the target  investments  in
        other  regions  to produce income and capital growth, but also to broaden the strategy  to  include
        acquisitions  and investments. If necessary further funding would be sought to allow an  investment
        to proceed.

As an ordinary resolution

5.      THAT,  in  accordance with Section 551 of the Companies Act 2006, the Directors  be  generally  and
        unconditionally authorised to allot shares in the Company or grant rights to subscribe  for  or  to
        convert  any  security into shares in the Company ("Rights") up to an aggregate nominal  amount  of
        GBP1,000,000 provided that this authority shall, unless renewed, varied or revoked by the  Company,
        expire on the earlier of the conclusion of the Annual General Meeting of the Company to be held  in
        2012  or the date falling fifteen months after the passing of this Resolution save that the Company
        may,  before  such  expiry, make an offer or agreement which would or might require  shares  to  be
        allotted  or  Rights to be granted and the Directors may allot shares or grant Rights in  pursuance
        of  such  offer  or agreement notwithstanding that the authority conferred by this  Resolution  has
        expired.

        This  authority  is  in substitution for all previous authorities conferred  on  the  Directors  in
        accordance  with Section 551 of the Companies Act 2006, but without prejudice to any  allotment  of
        shares  or  grant  of  Rights  already  made or offered or agreed  to  be  made  pursuant  to  such
        authorities.

As a special resolution

6.      THAT,  the Directors be and they are hereby empowered (in substitution for and to the exclusion  of
        any  other  existing  powers  save  to the extent that the same  have  been  previously  exercised)
        pursuant  to  Section 551 of the Companies Act 2006 to allot equity securities (within the  meaning
        of  Section  560  of  the  Companies Act 2006) of the Company for cash pursuant  to  the  authority
        conferred  on  them  by  Resolution 5 to allot relevant securities as  if  Section  561(1)  of  the
        Companies Act 2006 did not apply to any such allotment.

        This  power  shall (unless previously revoked or varied by the Company in General  Meeting)  expire
        fifteen months after the date of the passing of this Resolution or at the conclusion of the  Annual
        General  Meeting  of the Company to be held in 2012 whichever first occurs save  that  the  Company
        may,  before such expiry, make an offer or agreement which would or might require equity securities
        to  be  allotted  after such expiry and the Directors may allot equity securities in  pursuance  of
        such an offer or agreement as if the power conferred hereby had not expired.

As a special resolution

7.      THAT  the  name of the Company be changed to "H.B. Properties Plc", subject to the consent  of  the
        registrar of Companies.


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 2281
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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