Administration changes

Hansa Trust PLC
22 October 2003


PRESS RELEASE

FOR IMMEDIATE RELEASE

22 OCTOBER 2003


Hansa Trust PLC, the special situations investment trust, today announces that
its board has approved a change in the administrative arrangements with the
trust's investment manager, Hansa Capital Ltd.


Following the approval of the change in the trust's investment performance
benchmark by shareholders at the last Annual General Meeting in July 2003, it
has been agreed with Hansa Capital that it should assume the entire investment
management process in order to best effect this revised investment strategy.


Hansa Capital has been investment manager of Hansa Trust since October 2001 and
has been responsible for management of the entire portfolio and the delegation
of part of the investment portfolio.


Jamie Borwick, Chairman of Hansa Trust PLC said:

'We are pleased that Hansa Capital is building its internal investment
management resources which will benefit the management of our trust's funds.
The recently approved revised benchmark provides our investment managers with a
stiff challenge which your board believes they are capable of meeting over the
medium to long term.'

They will shortly be joined by John Alexander, a smaller company specialist who
has spent the last twenty two years as a fund manager and the last ten at
Henderson.


Contacts
William Salomon, Hansa Capital                           020 7647 5750
David Haggie, Haggie Financial Ltd.                      020 7417 8989







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