Holding in Company

Hammerson PLC
21 December 2000


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     HAMMERSON PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     AEGON UK 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.

     ROYAL BANK OF SCOTLAND TRUST NOMINEES LIMITED - 7,970,000
     CHASE NOMINEES - 1,405,383


5)   Number of shares/amount of stock acquired.

     1,300,000


6)   (0.46%) 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

     NOT STATED


11)  Date company informed

     21/12/00


12)  Total holding following this notification

     9,375,383

               
              
13)  Total percentage holding of issued class following this notification

     3.34%


14)  Any additional information



15)  Name of contact and telephone number for queries

     STUART HAYDON
     020 7887 1017


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


     Date of Notification   21 DECEMBER 2000