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HANSEN - Safety and Power
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Analyses

Vara Research: Too many uncertainties, we recommend accepting the Kopex offer of € 17.50 (download research report of July 11, 2008)
Vara Research: Strategy Change in South Africa Paying Off (download research report of January 7, 2008)
Vara Research: Kopex Takes Over the Majority Share (download research report of November 30, 2007)
Vara Research: Record Year Anticipated (download research report of Oktober 12, 2007)
Vara Research: 06 Numbers in Line, 07 Demand Stronger than Expected (download research report of June 26, 2007)
Vara Research classifies take over bid as too low and continues to rate Hansen as "buy" (download research update of May 5, 2007)
Vara Research (Frankfurt) defines share price potential as € 51,25 (download research update of March 23, 2007)
Vara Research (Frankfurt) defines share price potential as € 51,25 (download research report of March 7, 2007)

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HANSEN - Safety and Power