Directors' Notification of Dealing in Shares

Hammerson PLC
21 June 2000


On  7  June  2000 the Company announced that  its  Executive
Directors,  by  virtue of their potential inclusion  in  the
Hammerson  2000  Deferred  Share Plan,  were  deemed  to  be
interested  in  400,000  ordinary  shares  in  the   Company
acquired on 30 May 2000 at 415p per share by the Trustees of
the Hammerson Employee Share Ownership Plan.

On   15   June  2000  the  Remuneration  Committee  approved
allocations  of  shares  by way of the  grant  of  nil  cost
options, in accordance with the terms of the Deferred  Share
Plan, to executive directors and senior executives which may
be  exercised after a period of three years.  The number  of
shares over which such options can be exercised is dependent
on the level of achievement of financial performance targets
over  that period.  The maximum number of shares over  which
an  option  can  be  exercised by  the  following  Executive
Directors is as follows:

R J G Richards         62,951
J A Bywater            38,915
P W B Cole             35,253
G Devaux               40,060
S R Melliss            46,698

These allocations are in addition to existing holdings under
the Company's Share Option Schemes as follows:

R J G Richards        155,722
J A Bywater            73,878
P W B Cole            107,545
G Devaux              148,850
S R Melliss           169,918

For further information:
Stuart Haydon
Company Secretary
020 7887 1000