Conversion of Securities

Hammerson PLC 9 November 2001 Hammerson plc early redemption of £ 110 million 6.5% Subordinated Convertible Bonds due 2006 On 3 October 2001, Hammerson plc announced its decision to redeem in full all outstanding Bonds at par on 9 November 2001. During the period 3 October 2001 to 2 November 2001, Hammerson plc purchased £ 45.4 million for cancellation at an average price of 103.68% plus accrued interest, representing a total of 41.3% of the original issue. At close of business on 2 November 2001, the last date for elections to convert the Bonds, Bondholders had elected to convert £ 61.8 million Bonds at the conversion price of 435.6 pence per ordinary share. Accordingly, application will be made for listing of up to 14.2 million new ordinary shares arising from the conversion of the Bonds. It is expected that dealings in the new ordinary shares will commence on 20 November 2001. For further information: Simon Melliss Tel: 020 7887 1000 Group Finance Director Fax: 020 7887 1010 Christopher Smith Director of Corporate Affairs

Companies

Hammerson (HMSO)
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