Acquisition

Hammerson PLC
06 March 2008




Ravenhead Retail Park


Hammerson plc has issued 115,266 New Ordinary Shares of 25p each (with an
aggregate value of approximately £1.3 million based on a share price of 1107
pence) to companies connected with Mr CJ Baybutt and Mr DJ Baybutt to acquire
additional freehold land adjacent to Ravenhead Retail Park, St Helens. This has
outline planning consent for a hotel and restaurants.

This in accordance with an option arrangement provided in the sale and purchase
agreement entered into on 8 March 2007, under which Hammerson acquired Ravenhead
Retail Park for £120.6 million excluding the deferred option consideration.

The scheme comprises 27,500m(2) of retail accommodation with part bulky goods
and part open A1 planning consent for an 8,100 m(2) extension.

Application has been made to the Financial Services Authority and the London
Stock Exchange for the New Ordinary Shares to be admitted to the Official List.
It is expected that admission will be granted and trading commence on 7 March
2008. The New Ordinary Shares will rank pari passu with the existing issued
ordinary shares and an application is also being made for these shares to be
admitted to trading by Euronext Paris.



Enquiries:

John Richards, Chief Executive                             Tel:  [phone]
Christopher Smith, Director of Corporate Affairs           Tel:  [phone]

                                                 [e-mail]





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