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Hanseatic & Baltic (HBPO)

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Friday 30 May, 2008

Hanseatic & Baltic

Final Results - Year to 31 December 2007



HANSEATIC & BALTIC PROPERTIES PLC
RESULTS FOR THE YEAR ENDED 31 DECEMBER 2007

Chairman's statement
On behalf of the Board of Directors of Hanseatic & Baltic Properties Plc, I have the pleasure of presenting
to you the results of the company for the year ended 31 December 2007.

Overview
The accounts for the year to 31 December 2007 showed a loss of £26,400.

Outlook
The company remains a cash shell at present but we are actively seeking investments to enhance shareholders
value. We are maintaining a tight control of the Company's resources, which we consider adequate to support
current  levels  of  expenditure.  The cash resources remain adequate for  the  current  level  of  routine
transactions but will be reviewed once opportunities to return to profitability present themselves.

The  Convertible  Loan  Notes of £35,250 have a redemption date of 30 January 2008.  The  Loan  Notes  were
convertible into 1,000 ordinary shares of 0.1p for every £1 of Loan Notes.

A further £200,000 was made available by way of zero coupon unsecured Convertible Loan Notes which could be
converted into 1000 ordinary shares of 0.1p, as at the above rate.

Subsequent  to the year end it was agreed that the remaining balance of Convertible Loan Notes  of  £35,250
still unconverted, together with the further £200,000 which has been made available but not yet drawn down,
be extended to 30 May 2013, converting at the rate of 3,000 ordinary shares of 0.1p per £1 of loan notes.

Appreciation
I  would  like  to thank the Board of Directors and our management for all their hard work  and  for  their
ongoing dedication, resourcefulness and commitment to the ideals of the company.

W. N. V.  Weller

Director

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

HANSEATIC & BALTIC PROPERTIES PLC
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2007
                                                                               2007             2006
                                                                               GBP              GBP

Administrative expenses                                                      (27,086)         (54,508)
Interest received                                                                686             -
                                                                              ______           ______

Loss on ordinary activities before taxation                                  (26,400)         (54,508)

Tax on loss on ordinary activities                                               -               -
                                                                              ______           ______

Loss on ordinary activities after taxation                                   (26,400)         (54,508)
                                                                              ======           ======

Basic loss per share                                                         (0.04p)          (0.10p)
                                                                              =====            =====

The profit and loss account has been prepared on the basis that all operations are continuing operations.

There are no recognised gains and losses other than those passing through the profit and loss account.

HANSEATIC & BALTIC PROPERTIES PLC
BALANCE SHEET
AS AT 31 DECEMBER 2007                                               
                                                                            2007             2006
                                                                            GBP              GBP
Current assets
Debtors                                                                      783             7,818
Cash at bank & in hand                                                    13,412            31,997
                                                                          ______            ______

                                                                          14,195            39,815
Creditors: amounts falling due within one year                           (44,159)           (8,129)
                                                                          ______            ______

Total assets less current liabilities                                    (29,964)           31,686
Creditors: amounts falling due after one year                                -             (35,250)
                                                                          ______            ______

                                                                         (29,964)           (3,564)
                                                                          ======            ======
Capital and reserves
Called up share capital                                                   64,750            64,750
Profit and loss account                                                  (94,714)          (68,314)
                                                                          ______            ______

Shareholders' funds - equity interests                                   (29,964)           (3,564)
                                                                          ======            ======

HANSEATIC & BALTIC PROPERTIES PLC
NOTES TO PRELIMINARY RESULTS
FOR THE YEAR ENDED 31 DECEMBER 2007

1.      The  financial information set out above does not constitute statutory accounts for the purpose  of
Section  240  of the Companies Act 1985.   The financial information has been extracted from the  statutory
accounts  of  Hanseatic & Baltic Properties Plc and is presented using the same accounting policies,  which
have  not  yet  been filed with the Registrar of companies, but on which the auditors gave  an  unqualified
report on 30 May 2008.

2.     Earnings per share
Basic  earnings  per share is calculated by dividing the earnings attributable to ordinary shareholders  by
the  weighted  average number of ordinary shares during the period. The weighted average number  of  equity
shares  in  issue  was 64,750,000 (2006 - 54,090,411) and the loss after tax was GBP  26,400  (2006  -  GBP
54,508).

Hanseatic & Baltic Properties plc

						                                                                   

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