Hammerson plc (Incorporated in England and Wales) (Company number 360632) LSE and Euronext Dublin share code: HMSO JSE share code: HMN ISIN: GB00BK7YQK64 (“Hammerson” or “the Company”) 25 April 2023 Pre AGM trading update Hammerson plc today announces a trading update for the three months ended 31 March 2023 which is being issued ahead of the Company’s Annual General Meeting to be held at 0900 BST on 4 May 2023 at Marble Arch House, London. Rita-Rose Gagné, Chief Executive of Hammerson, said: “We have maintained our focus on execution during the first few months of the year. We have a strong operational grip which is delivering top line growth, with continued momentum in leasing and a strong pipeline. We have further reduced costs, with more to come as we create a sustainable and agile platform. We have exited minority stakes in France and other non-core interests, bringing total disposals since the start of 2021 to over £840m, and a sharper focus on our core portfolio of city centre assets and land. We have further strengthened the balance sheet and maintain a disciplined approach to capital allocation. Looking forward, we have strong momentum and remain on track to return to cash dividends as previously guided." Strong Q1 reflecting consistent execution. • Like-for-like gross rental income growth of +5% reflecting robust leasing, car parking and commercialisation performance • Like-for-like net rental income was up +5% benefiting from solid collections (FY 22 96%; Q1 23 92%), lower bad debt charges and tenant incentive impairments • Gross administration costs decreased 13% year-on-year in line with our commitment to reduce these by 20% by the end of 2024 • Value Retail has seen a strong start to the year with spend per visit up +3% Footfall and sales • Footfall in the UK and France up +6% year-on-year; Ireland +13% • Sales in the UK up +6% year-on-year; France +11%; Ireland +7% • Value Retail footfall up +14% year-on-year; sales +17% Leasing and occupancy • Continued momentum on leasing with 61 leases signed year-to-date, representing £9m of rent on a 100% basis • Headline rent +18% ahead of previous passing rent, and +5% ahead of ERV on a net effective basis • Diverse leasing mix including non-fashion, restaurant, leisure, and services • Continued demand with a further £16m in solicitors’ hands • Occupancy up year-on-year to 95% Valuations • Q1 managed portfolio valuations flat on 31 December 2022; slight increase to ERVs offset by marginal adjustment to yields Disposals • The Group remains disciplined in its disposal programme • Since full year 2022 results in March, we have completed disposals including Hammerson’s share of Italie Deux and Italik, delivering a cumulative c.£410m of our £500m 2023 target; the Group remains confident of completing the programme on schedule Balance sheet and liquidity • £22m of cash distributions received from Value Retail • Including disposals to date and debt written down, the Group’s credit metrics have further improved: Pro-forma 31 December 2022 • Headline LTV 35% 39% • FPC LTV 44% 47% • Net debt/EBITDA 9x 10.4x • The Group’s RCF facility of £613m extended to April 2026 with pro forma liquidity of £1.2bn • No further Group unsecured debt maturities not covered by existing cash until 2026 Investor Enquiries: Josh Warren, Director of Strategy, Commercial Finance, and Investor Relations Tel: +44 (0)20 7887 1053 Email: josh.warren@hammerson.com Media Enquiries: Natalie Gunson, Communications Director, Hammerson Tel: +44 (0)20 7887 4672 Email: 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 ENDS Hammerson has its primary listing on the London Stock Exchange and a secondary inward listing on the Johannesburg Stock Exchange and on Euronext Dublin. Sponsor: Investec Bank Limited