Holding in Company

Hammerson PLC
26 March 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

HAMMERSON PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

ZURICH FINANCIAL SERVICES


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.

LITTLEDOWN NOMINEES LIMITED - 8,304,715
RBSTB NOMINEES LTD          -   203,432


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

NOT STATED

11)  Date company informed

26/03/2001


12)  Total holding following this notification

8,508,147
               
              
13)  Total percentage holding of issued class following this notification

3.03%


14)  Any additional information



15)  Name of contact and telephone number for queries

NICOLA CHURCHILL
020 7887 1823 (DL)


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

     S. J. HAYDON - COMPANY SECRETARY

     Date of Notification  26/3/2001