Director Shareholding

Hammerson PLC
01 April 2005


Notification of Directors Interests

Part of the annual performance related bonus of Executive Directors of Hammerson
plc is payable in ordinary shares in the Company.  Following the grant of shares
on 1 March 2005 in respect of the bonus payable for 2004, the interests of the
Executive Directors is now as follows:

                        Shares acquired            Total holding

R J G Richards               3,939                     29,538
J A Bywater                  2,346                     11,662
P W B Cole                   2,489                     16,959
G Devaux                     1,575                     12,007
S R Melliss                  2,762                     19,394

The number of shares acquired was calculated by reference to the mid-market
closing price of 856.5 pence on 1 March 2005.

On 8 March 2005 allocations of shares by way of the grant of nil cost options
were made, in accordance with the terms of the Deferred Share Plan, to executive
directors and senior executives of Hammerson plc.  These options may be
exercised after a period of three years with the number of shares over which
such options can be exercised being dependent on the level of achievement of
performance targets over that period.  The maximum number of shares over which
an option can be exercised in respect of the grant made on 8 March 2005 and the
total maximum number of shares in respect of this and previous grants made in
2002, 2003 and 2004 by the following Executive Directors are as follows:


                           Grant on 8.3.05             Total on 8.3.05

R J G Richards                  46,685                     213,290
J A Bywater                     26,600                     124,229
P W B Cole                      28,771                     128,549
G Devaux                        27,685                     133,615
S R Melliss                     32,571                     156,253


For further information:

Stuart Haydon
Company Secretary
020 7887 1000


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