Holding in Company

Hammerson PLC
3 August 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)   NAME OF COMPANY

HAMMERSON PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

CGNU PLC

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

AS IN (2) ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

MORLEY FUND MANAGEMENT LIMITED              - 4,173,801
NORWICH UNION INVESTMENT MANAGEMENT LIMITED - 5,790,592

5)   Number of shares/amount of stock acquired.

N/A

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

N/A

8)   ( N/A %) of issued Class

9)   Class of security

ORDINARY SHARES OF 25P EACH

10)  Date of transaction

N/A

11)  Date company informed

3 AUGUST 2000

12)  Total holding following this notification

9,964,393
               
              
13)  Total percentage holding of issued class following this notification

3.5%

14)  Any additional information

NOTIFIABLE HOLDING FOLLOWING MERGER OF CGU PLC AND NORWICH UNION PLC

15)  Name of contact and telephone number for queries

SIMON MELLISS
020 7887 1000

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification .....3 AUGUST 2000.....