Circ re. REIT

Hammerson PLC
20 November 2006


Publication of REIT circular to shareholders

As announced at the Company's Annual General Meeting in May 2006, Hammerson plc
('the Company') proposes to elect for tax treatment as a Real Estate Investment
Trust ('REIT') to take effect from 1 January 2007. In order to avoid a tax
exposure as a REIT, an amendment is required to the Company's Articles of
Association.

The Company has today issued a circular to shareholders ('the Circular')
explaining the Company's proposed election as a REIT and convening an
Extraordinary General Meeting ('EGM') to be held at 3.00 p.m. on Wednesday 13
December 2006 at 10 Grosvenor Street, London, W1K 4BJ.  The purpose of the EGM
is to approve the required amendment to the Company's Articles of Association.

Two copies of the Circular have been sent to the Financial Services Authority
for publication through the Document Viewing Facility of the UK Listing
Authority at 25 The North Colonnade, Canary Wharf, London E14 5HS. The Document
Viewing Facility is open from 9am to 5.30pm on every weekday except bank
holidays.

Copies of the Circular are available free of charge from the Company Secretary,
Hammerson plc, 10 Grosvenor Street, London, W1K 4BJ.  The Circular is also
available on the Company's website at www.hammerson.com
                                     

Contacts:

Hammerson plc                     020 7887 1000
Simon Melliss, Group Finance Director
Chris Smith, Director of Corporate Affairs





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