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Hanseatic & Baltic (HBPO)

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Friday 28 May, 2010

Hanseatic & Baltic

Final Results year to 31 December 2009



HANSEATIC & BALTIC PROPERTIES PLC
RESULTS FOR THE YEAR ENDED 31 DECEMBER 2009

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 2009.

Overview
The accounts for the year to 31 December 2009 showed a loss of GBP9,248.

During  the  year  the company acquired approximately 6.7% of the issued share capital  of  Total  Holdings
Limited,  a  company incorporated in the Cayman Islands. The consideration was 4,342,823 Singapore  Dollars
(GBP1,907,700) and satisfied by the issue of 27,618,046 new ordinary shares of the Company which equated to
an issue share price of approximately 6.9p per share.

Outlook
The  company  is  still actively seeking investments to enhance shareholder 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.

WNV Weller

Director

28 May 2010

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 2280
Fax: +44 (0) 20 7566 0023

Nick Michaels
Alfred Henry Corporate Finance Limited
Tel: +44 (0) 20 7251 3762

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2009
                                                                        2009              2008
                                                                        GBP               GBP

Turnover                                                                 3,250               -
Cost of sales                                                              -                 -
                                                                        -------           -------
Gross profit                                                             3,250               -

Administrative expenses                                                (12,498)          (30,269)
                                                                        -------           -------

Operating loss                                                          (9,248)          (30,269)
Interest received                                                          -                 127
                                                                        -------           -------

Loss on ordinary activities before taxation                             (9,248)          (30,142)

Tax on loss on ordinary activities                                         -                 -
                                                                        -------           -------
                                                                           -                 -
Loss for the year                                                       (9,248)           (30,142)
                                                                        =======           =======

Loss per share - Basic                                                  (0.01p)           (0.05)p

 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.

BALANCE SHEET
AS AT 31 DECEMBER 2009

                                                              2009                          2008
                                                       GBP            GBP            GBP            GBP
Fixed Asset                                                                                     
Investments                                                       1,907,700                           -

Current assets                                                                                  
Debtors                                                  -                            -              
Cash at bank and in hand                               129                           311           
                                                    ------                       -------     
                                                       129                           311            

Creditors: amounts falling due within                                                           
one year                                           (34,233)                      (25,167)
                                                   -------                       -------        

Total assets less current liabilities                              (34,104)                       (24,856)

Creditors: amounts falling due after                                                            
more than one year                                                 (35,250)                       (35,250)
                                                                 ---------                        -------
                                                                 1,838,346                        (60,106)
                                                                 =========                        =======
Capital and reserves                                                                            
Called up share capital                                             65,026                         64,750
Share premium                                                    1,907,424                            -
Profit and loss account                                           (134,104)                      (124,856)
                                                                 ---------                        -------
Shareholders' funds - equity interests                                                          
                                                                 1,838,346                        (60,106)
                                                                 =========                        =======

NOTES

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 28 May 2010.

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  65,809,322 (2008 - 64,750,000) and the loss after tax was GBP  9,248  (2008  -  GBP
30,142).

Hanseatic & Baltic Properties plc								

						        

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