Purchase of Own Securities

Hammerson PLC
11 October 2001

 
Hammerson repurchase of 6.5% Subordinated Convertible Bonds due 2006  
 
Hammerson plc has purchased through Credit Suisse First Boston £12,750,000 of
the above issue for cancellation at an average price of 102.906% plus accrued
interest. This represents 11.6% of the original issue.
 
Prior to the repurchase, the aggregate principal amount of the Bonds
outstanding was £109,975,000.
 
     
For further information:
 
Simon Melliss                                         Tel: [phone]
Group Finance Director                               Fax: [phone]
 
Christopher Smith
Director of Corporate Affairs