Revolving Credit Facility

Hammerson PLC
03 April 2006

Hammerson plc - £330 million Revolving Credit Facility



Hammerson plc announces the successful syndication and signing of a £330 million
five-year revolving credit facility. The facility is extendable for two further
years at the option of the lenders. The facility carries a margin of 37.5 basis
points over LIBOR. It will be used for general corporate purposes.



The facility was increased from £250 million to £330 million following an
over-subscription. The facility was arranged by 12 mandated lead arrangers, The
Bank of Tokyo-Mitsubishi UFJ Ltd, Barclays Capital, BNP Paribas, Commerzbank,
Dresdner Kleinwort Wasserstein, Fortis Bank, HSBC Bank plc, IXIS, J.P. Morgan
plc, Lloyds TSB Bank plc, Royal Bank of Scotland plc and WestLB AG, with the
following participants:


                                                                                          Sterling (£)

The Bank of Tokyo-Mitsubishi UFJ. Ltd.                                                      25,000,000
Barclays Bank PLC                                                                           25,000,000
BNP Paribas London Branch                                                                   25,000,000
Commerzbank AG, London Branch                                                               25,000,000
Dresdner Bank AG, London Branch                                                             25,000,000
Fortis Bank S.A./N.V.                                                                       25,000,000
HSBC Bank plc                                                                               25,000,000
IXIS Corporate & Investment Bank                                                            25,000,000
JPMorgan Chase Bank, N.A.                                                                   25,000,000
Lloyds TSB Bank plc                                                                         25,000,000
The Royal Bank of Scotland plc                                                              25,000,000
WestLB AG, London Branch                                                                    25,000,000
HSH Nordbank AG London Branch                                                               15,000,000
Mizuho Corporate Bank. Ltd.                                                                 15,000,000





This new facility will replace an existing £215 million facility which was due
to expire in June 2007 and which has now been cancelled. Following this, the
total medium term committed financing available to Hammerson is approximately
£2.8 billion, providing headroom of £0.7 billion.


Simon Melliss, Group Finance Director, commented:



' I am delighted with the excellent response we have received from our bankers
for this medium term facility. It provides flexibility for Hammerson during a
period when we are undertaking a number of major capital projects.'


For further information:

Simon Melliss                                                                             Tel:  [phone]
Group Finance Director, Hammerson plc

Christopher Smith                                                                         Tel:  [phone]
Director of Corporate Affairs, Hammerson plc                                    email: [e-mail]





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