Top Ten Holdings

Hansa Trust PLC
02 February 2005


Hansa Trust PLC

At close of business on 31 January 2005 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                                           20.09
BRIT Insurance Holdings PLC                                               5.45
Cairn Energy PLC                                                          4.25
Chaucer Holdings PLC                                                      3.99
Cathedral Capital plc                                                     3.43
GUS PLC                                                                   3.32
Resolution Life                                                           3.06
Amlin                                                                     2.88
Hunting                                                                   2.83
Tullow Oil                                                                2.70

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



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