Top Ten Holdings

Hansa Trust PLC
01 September 2004


Hansa Trust PLC

At close of business on 31 August 2004 the Company held the following
investments with a value greater than 5% of gross assets or were 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                                           14.43
Glenmorangie PLC                                                          8.22
Cairn Energy PLC                                                          7.11
BRIT Insurance Holdings PLC                                               6.33
Chaucer Holdings PLC                                                      4.33
Cathedral Capital plc                                                     4.26
GUS PLC                                                                   3.62
Amlin plc                                                                 3.31
Tullow Oil PLC                                                            2.73
Hunting                                                                   2.66

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


                      This information is provided by RNS
            The company news service from the London Stock Exchange