10 Largest Investments

Hansa Trust PLC
01 December 2003

Hansa Trust PLC

At close of business on 30 November 2003 the Company held the following
investments with a value greater than 5% of gross assets and at least the 10
largest investments, a declaration of which is required quarterly under the
Listing Rules Chapter 21.20 l (ii), however Hansa Trust PLC has decided to
declare this information on a monthly basis:-
                                                                             %
Ocean Wilsons Holdings Limited                                           13.32
Finsbury Growth Trust PLC                                                11.52
BRIT Insurance Holdings PLC                                               7.18
Glenmorangie PLC                                                          6.05
Chaucer Holdings PLC                                                      4.89
Cathedral Capital plc                                                     4.36
Ramco Energy PLC                                                          3.86
GUS plc                                                                   3.72
Amlin plc                                                                 3.49
Premier Oil plc                                                           3.20

Hansa Capital Limited
corporate secretary to Hansa Trust PLC
020 7647 5750


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