Paris Letting

Hammerson PLC
20 December 2004

For immediate release - Monday, 20 December 2004



Hammerson Signs Leases at Neo, 14 boulevard Haussmann, Paris 9eme



Hammerson plc has signed a lease with La Societe du Figaro, the leading French
newspaper, which is part of SOCPRESSE, a subsidiary of Groupe Industriel Marcel
DASSAULT, for  20,500 m(2) (220,700 ft(2)) of office accommodation at Neo, 14
boulevard Haussmann, Paris 9eme. The lease term is nine years, commencing on 1
May 2005, with no break option, with a 29 month rent free period. The rent for
the office space is €624 per m(2), subject to annual indexation from 1 May 2006.
Hammerson will contribute £1.4 million (€2 million) towards fit out costs.



Neo, 14 boulevard Haussmann, was completed in September 2003 at a total
development cost of £194 million (€283 million). Following this letting, only
1,470 m(2) (15,800 ft(2)) of the 26,600 m(2) (286,300 ft(2)) office building
remains available. Existing tenants include: the Embassy of the United States of
America; CCF, a subsidiary of HSBC Holdings plc; De Fursac, the retailer; and
Hotel Ambassador.



John Richards, Chief Executive of Hammerson, commented:



' At the time of our interim results, I stated that we were experiencing an
increased level of enquiries from potential occupiers for this building. I am
delighted that we have been able to translate this interest into one of the
largest lettings in the Paris CBD market in recent years.'



Hammerson was advised by Strategies and Corp.






For further information:

John Richards, Chief Executive                              Tel:  [phone]


Gerard Devaux, Managing Director, Continental Europe    Tel:  [phone]


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




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