Holding(s) in Company

Hammerson PLC
21 February 2002


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     HAMMERSON PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     ZURICH FINANCIAL SERVICES GROUP

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 - 10,856,653
     RBSTB NOMINEES LIMITED - 425,149

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

     21/02/2002

12)  Total holding following this notification

     11,281,802
               
13)  Total percentage holding of issued class following this notification

     4.03%

14)  Any additional information



15)  Name of contact and telephone number for queries

     NICOLA CHURCHILL
     020 7887 1823 

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

S J HAYDON
COMPANY SECRETARY

     Date of Notification   21/2/02



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