Bond Redemption Pricing

Hammerson PLC 12 July 2007 Hammerson Plc 12 July 2007 STOCK EXCHANGE ANNOUNCEMENT HAMMERSON PLC Notice of intention to redeem those of the £200,000,000 10.75 per cent. Bonds due 2013 (ISIN: GB0004063078) issued by Hammerson Plc (the 'Issuer') and presently outstanding (the 'Bonds') Pursuant to the terms and conditions of the Bonds, constituted by a trust deed dated 7 March 1989 (as supplemented on 13 May 1992 and as further supplemented by virtue of an extraordinary resolution passed on 12 July 2007 (the ' Extraordinary Resolution')) (the 'Trust Deed'), the Issuer may, on giving not more than 4 nor less than 1 days' notice to The Law Debenture Trustee Corporation Plc (the 'Trustee'), and the holders of the Bonds, redeem on any day some or all of the outstanding Bonds at an amount calculated by reference to a modified spens formula contained in the Trust Deed, together with all accrued and unpaid interest thereon to the date fixed for redemption. The Issuer is today giving notice to the holders of all the Bonds pursuant to the terms and conditions of the Bonds that it intends to redeem all Bonds in issue on 17 July 2007 together with all accrued and unpaid interest thereon. Those holders of the Bonds which submitted instructions in respect of the Extraordinary Resolution by 4 p.m. on 4 July 2007 shall be entitled to the Early Response Redemption Price agreed spread, as set out below, and those holders of the Bonds who submitted instructions in respect of the Extraordinary Resolution after 4 p.m. on 4 July 2007 shall be entitled to the Redemption Price agreed spread, as set out below: Early Response Redemption Redemption Price Reference Gilt Price agreed spread agreed spread 0.400% 0.425% 5.00% UK Treasury Gilt due September 2014 On that basis, at 3.00 p.m. today The Royal Bank of Scotland plc, as consent solicitation agent in relation to the Bonds, calculated the Early Response Redemption Price as £124.093 per £100 nominal of Bonds, and calculated the Redemption Price as £123.939 per £100 nominal of Bonds. Issuer Trustee Hammerson Plc The Law Debenture Trust Corporation Plc 10 Grosvenor Street Fifth Floor London W1K 4BJ 100 Wood Street London EC2V 7EX Tel: +44 (0) 20 7887 1013 Attn: Duncan Beardsley Tel: +44 (0) 20 7696 5221 Attn: Katy LeGros Consent Solicitation Agent Principal Paying Agent The Royal Bank of Scotland Kredietbank Luxembourg 135 Bishopsgate 43, Boulevard Royal London EC2M 3UR L-2955 Luxembourg Tel: +44 (0) 20 7085 3781 Tel: +352 47 97 53 41 Attn: Gianmarco Deiana Attn: Marie-Jeanne Siebenborn Transaction Co-ordinator The Bank of New York One Canada Square London E14 5AL Tel: +44 (0) 20 7964 8819 Attn: Amaka Onyekwelu This information is provided by RNS The company news service from the London Stock Exchange

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