Director Shareholding

Hammerson PLC
29 May 2002


         Notification of Interests of Directors and Connected Persons


Hammerson plc

Mr J A Bywater, a director of Hammerson plc, exercised options on 28 May 2002
over:

  • 73,878 ordinary 25p shares at 379p per share.

Mr Bywater then sold the resultant shares at 643p per share on 28 April 2002.

Following this exercise, Mr Bywater holds options over a further 47,962 ordinary
25p shares.

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