RNS Number:5948U
Hansa Trust PLC
23 January 2004


HANSA TRUST PLC


NET ASSET VALUE


The estimated unaudited net asset value, calculated in accordance with the
guidelines of the Association of Investment Trust Companies, for Hansa Trust
PLC, Ordinary and 'A' Ordinary shares at the close of business on 22nd January
2004 was 415.77p (ex income).





For and on behalf of the Board


Hansa Capital Limited


Secretary


23rd January 2004


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