Hammerson plc ("Hammerson" or the "Company") (Incorporated in England and Wales) (Company number 360632) LSE and Euronext Dublin share code: HMSO JSE share code: HMN ISIN: GB00BK7YQK64 3 April 2023 Disposal of Italie Deux and Italik Hammerson announces that it has completed the disposal of its 25% stake in Italie Deux, a 62,000m2 shopping centre in central Paris, and 100% of the 6,500m2 Italik extension for cash consideration of €164m to Ingka Centres via a simultaneous exchange and completion. This represents a 4% discount to 31 December 2022 book value and a net equivalent yield of 5.0%(1 ). The exit marks the continued progress in the simplification of the Company’s portfolio. The proceeds will further strengthen the balance sheet and reduce net debt. Together with the £195m of disposals completed in 2022, the Group has generated total proceeds of c.£360m against the Company’s commitment of £500m of disposals by the end of 2023. On a pro forma basis and including other disposals, headline LTV improves to 36%(2 ), FPC LTV to 45%(2 ), and net debt/EBITDA to 9.4x(2 ). Hammerson has its primary listing on the London Stock Exchange and secondary inward listings on the Johannesburg Stock Exchange and Euronext Dublin. Sponsor: Investec Bank Limited 1. Assets combined with passing rent of €7.5m at Hammerson’s share. 2. December 2022 LTV 39%, FPC LTV 45%, net debt/EBITDA 10.4x. ENDS Enquiries Hammerson Investor Contact Josh Warren, Hammerson, Director of Strategy, Investor Relations and Commercial Finance T: +44 20 7887 1053 E: josh.warren@hammerson.com Hammerson Media Contacts Natalie Gunson, Group Communications Director T: +44 20 7887 4672 E: natalie.gunson@hammerson.com MHP (for Hammerson) Oliver Hughes T: +44 7885 224532 E: Hammerson@mhpgroup.com Ollie Hoare T: +44 7817 458804 E: Hammerson@mhpgroup.com