Holding in Company

Hammerson PLC
27 September 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     HAMMERSON PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     STANDARD LIFE INVESTMENTS LTD

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     AS IN 2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     STANLIFE NOMINEES LTD

5)   Number of shares/amount of stock acquired.

     N/A

6)   (N/A%) of issued Class

7)   Number of shares/amount of stock disposed

     N/A

8)   (N/A%) of issued Class

9)   Class of security

     ORDINARY SHARES OF 25P EACH

10)  Date of transaction

     NOT STATED

11)  Date company informed

     26/09/2000

12)  Total holding following this notification

     59,676,577
               
              
13)  Total percentage holding of issued class following this notification

     21.01%

14)  Any additional information

     NOTIFIABLE INTEREST INCREASED
     FOLLOWING REDUCTION IN THE 
     COMPANY'S ISSUED SHARE CAPITAL

15)  Name of contact and telephone number for queries

     STUART HAYDON
     020 7887 1017 (DL)

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ..27/09/2000................................