Top 10 Holdings or 5%

Hansa Trust PLC
05 January 2004


Hansa Trust PLC


At close of business on 31 December 2003 the Company held the following
investments with a value greater than 5% of gross assets and 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                                           14.92
Finsbury Growth Trust PLC                                                11.55
BRIT Insurance Holdings PLC                                               6.77
Glenmorangie PLC                                                          5.69
Chaucer Holdings PLC                                                      4.90
Cathedral Capital plc                                                     4.18
Ramco Energy PLC                                                          4.10
GUS plc                                                                   3.64
Premier Oil plc                                                           3.33
Amlin plc                                                                 3.22


Hansa Capital Limited

corporate secretary to Hansa Trust PLC

020 7647 5750






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