It could do, but you may need to set it into repeater mode first. I am not familiar with that model of repeater/AP so, sorry I cannot help much there. But you will probably need to connect it to a PC and log into it with the default IP address which should be printed on the unit.
I should have mentioned in my first post that wireless repeating is not the best way to extend a wireless network. It is dependant on the quality of the wireless signal it recieves, so it may have to be close to the hub to get a decent signal which might be too far away from the client to improve the signal significantly. It depends on many factors like the Quality of the repeater, Distances involved, Wireless interference and the Topography of your home. I would also be aware that wireless repeating will halve the wireless speed due to the half duplex nature of wireless.
A better way to extend the wireless network would be to use another access point as I mentioned above. However, this does mean running an Ethernet cable from the hub to the Access point.
A more convienient way would be to user Powerline adapters.
It would be worth to try and optimise your wireless signal first though. There are some tips here on how to do this.