Disposal

Hammerson PLC
04 August 2006

Disposal: 18 & 19 Hanover Square, London W1

Hammerson has sold its interests in 18 & 19 Hanover Square to Great Portland
Estates plc for a total consideration of £57.6 million, £5.3 million above their
book value at 31 December 2005.

Hammerson acquired the two properties in 1999 and, following completion of a
refurbishment, re-let them in 2005.  The sale includes the leasehold interest at
18 Hanover Square, a 3,500 m2 building, and the freehold of the 2,800 m2
property at 19 Hanover Square, let respectively to Avanta Management Services
Limited and Lend Lease Europe Limited. The passing rent on the properties totals
£3.1 million p.a.

John Richards, Chief Executive of Hammerson plc, said:

'This is in line with Hammerson's policy of recycling capital. Proceeds will be
reinvested in Hammerson's existing operations.'


For further information:

John Richards, Chief Executive                               Tel:  [phone]
Hammerson plc

Chris Smith, Director of Corporate Affairs                   Tel:  [phone]
Hammerson plc                                    [e-mail]




                      This information is provided by RNS
            The company news service from the London Stock Exchange