Result of Meeting

Hammerson PLC
12 July 2007

Hammerson Plc
12 July 2007

                          STOCK EXCHANGE ANNOUNCEMENT

                                 HAMMERSON PLC

     Modification of the redemption provisions of those of the £200,000,000 
  10.75 per cent. Bonds due 2013 (ISIN: GB0004063078) issued by Hammerson Plc 
           (the 'Issuer') and presently outstanding (the 'Bonds')


Pursuant to a meeting of the holders of the Bonds (the 'Meeting') held at One
Bunhill Row, London EC1Y 8YY, at 10 a.m. today, the extraordinary resolution set
out in the notices to holders dated 20 June 2007 (the 'Extraordinary 
Resolution'), was passed.

Pursuant to the Extraordinary Resolution, the redemption price is expected to be
determined by The Royal Bank of Scotland Plc (as consent solicitation agent in
respect of the Bonds, the 'Consent Solicitation Agent') at or around 3 p.m.
today.

Issuer                                               Trustee

Hammerson Plc                                        The Law Debenture Trust Corporation Plc
10 Grosvenor Street                                  Fifth Floor
London W1K 4BJ                                       100 Wood Street
                                                     London EC2V 7EX
Tel: [phone]
Attn: Duncan Beardsley                               Tel: [phone]
                                                     Attn: Katy LeGros

Consent Solicitation Agent                           Principal Paying Agent
The Royal Bank of Scotland                           Kredietbank Luxembourg
135 Bishopsgate                                      43, Boulevard Royal
London EC2M 3UR                                      L-2955 Luxembourg

Tel: [phone]                            Tel: [phone]
Attn: Gianmarco Deiana                               Attn: Marie-Jeanne Siebenborn
Transaction Co-ordinator
The Bank of New York
One Canada Square
London E14 5AL

Tel: [phone]
Attn: Amaka Onyekwelu

CB071900013


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