The Board of Hansteen Holdings plc announced that it has been informed by Stephen Gee of his intention to retire as a Non-Executive Director of the company before the Annual General Meeting on 9 June 2014. Mr. Gee has stepped down as Chairman of the Audit Committee and will be succeeded by Humphrey Price with immediate effect. He will remain a member of the Audit Committee until his retirement.

Mr. Price has been a Non-Executive Director of the company since October 2010 and a member of the Audit Committee since December 2010.