Conversion of Securities

Hammerson PLC
3 October 2001
 
 
Hammerson to redeem 6.5% Subordinated Convertible Bonds due 2006 (the
'Bonds') 
 
Hammerson plc has today given notice of its decision to redeem in full all
outstanding Bonds at par on 9th November 2001.
 
Holders are entitled to covert the Bonds at the conversion price of 435.6
pence per ordinary share at any time up to and including 2nd November 2001.
 
At 28th September 2001, the aggregate principal amount of the Bonds
outstanding was £109,975,000.
 
 
     
For further information:
 
Simon Melliss                                         Tel: [phone]
Group Finance Director                                Fax: [phone]
 
Christopher Smith
Director of Corporate Affairs