Holding(s) in Company

Hansa Trust PLC
26 November 2004


                                SCHEDULE 10
 
                 NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

     HANSA TRUST PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     ASSET VALUE INVESTORS LIMITED


3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     -


4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     -


5)   Number of shares/amount of stock acquired.

     -


6)   Percentage of issued Class

     -

7)   Number of shares/amount of stock disposed

     25,000


8)   Percentage of issued Class

     7.30%

9)   Class of security

     ORDINARY SHARES


10)  Date of transaction

     25.11.2004


11)  Date company informed

     26.11.2004


12)  Total holding following this notification

     558,797

               
13)  Total percentage holding of issued class following this notification

     6.98%


14)  Any additional information



15)  Name of contact and telephone number for queries

     PETER GARDNER
     0207 647 5757


16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification      26 NOVEMBER 2004


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