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”)


     Hammerson plc (the “Company”)
     Dividend Declaration

     27 July 2023

     The Board of Directors of the Company has declared an interim dividend of 0.72 pence per ordinary
     share ("Share") for period ended 31 December 2023 (the “Interim 2023 Dividend”). The interim
     dividend is payable on Monday, 2 October 2023 to shareholders on the register at the close of
     business on Friday, 25 August 2023.

     The Interim 2023 Dividend will be paid as a Property Income Distribution (“PID”), net of
     withholding tax where appropriate.

     The Company will not be offering a scrip dividend alternative but, for shareholders who wish to
     receive their dividend in the form of Shares, the Dividend Reinvestment Plan (“DRIP”) will be
     available. The terms and conditions of the DRIP can be found at www.signalshares.com.

     The timetable for the payment of the Interim 2023 Dividend is set out below.


     Expected Timetable of Events

                                                                                                  2023
      1. Currency conversion date                                                     Friday, 11 August
      2. Currency conversion announcement released by 9.00 a.m. (UK                  Monday, 14 August
          Time) / 11.00 a.m. (SA time)
      3. Last day to effect removal of shares between the United Kingdom             Tuesday, 22 August
          (“UK”) and South African (“SA”) Registers
      4. Last day to trade on the JSE to qualify for the dividend                 Tuesday, 22 August
      5. Shares become “ex-dividend” on the JSE at the commencement of          Wednesday, 23 August
          trading
      6. Last day to trade on the LSE and on Euronext Dublin to qualify for     Wednesday, 23 August
          the dividend
      7. Shares become "ex-dividend” on the LSE and on Euronext Dublin              Thursday, 24 August
          at the commencement of trading
      8. Record date (applicable to both the UK principal register and the            Friday, 25 August
          SA branch register)
      9. Date on which removal of shares between the UK and SA registers             Monday, 28 August
          becomes permissible
      10. Last day for receipt of DRIP mandates by Central Securities          Thursday, 7 September
          Depository Participants (CSDPs) and SA Transfer Secretaries
 11. Last day for receipt of DRIP elections by UK Registrars                Monday, 11 September
 12. Dividend Payment Date (UK, ROI and SA)                                    Monday, 2 October
 13. DRIP purchases settlement date UK and ROI (subject to market           Wednesday, 4 October
     conditions and the purchase of shares in the open market)
 14. DRIP purchases settlement date SA (subject to market conditions            Monday, 16 October
     and the purchase of shares in the open market)

Notes:

1. The removal of shares to and from the UK principal register and the SA branch register will not
   be permitted between Wednesday, 23 August 2023 to Friday, 25 August 2023, both dates
   inclusive.

2. Shareholders registered on the SA branch register should note that, in accordance with the
   requirements of Strate, no dematerialisation or rematerialisation of shares will be possible
   from Wednesday, 23 August 2023 to Friday, 25 August 2023, both dates inclusive.

3. The interim dividend should be regarded as a ‘foreign dividend’ for SA income tax and
   dividends tax purposes.

4. Shareholders registered on the SA branch register will be paid in SA Rand.

5. SA dividends tax, at the rate of 20% will apply to cash PIDs and dividends payable by the
   Company unless the beneficial owner of the dividend is exempt from SA dividends tax (e.g. if it
   is a South African resident company). Under the double tax agreement between the UK and SA
   (“the DTA”), the maximum tax payable in the UK is 15%. South African resident shareholders
   are therefore entitled to claim the excess of 5% from HM Revenue and Customs ("HMRC"). As
   SA shareholders are entitled to reclaim this excess from HMRC, the maximum rebate allowable
   in respect of the UK withholding tax against the SA dividends tax is 15%, which means that the
   Company will have to withhold a further 5% from the dividend in South Africa to bring the total
   dividends tax to 20%. In summary, therefore, 20% will be withheld in the UK, a further 5% will
   be withheld in SA (where appropriate), but South African resident shareholders will be entitled
   to claim back 5% from HMRC, which will bring the overall total to 20%.

6. Those shareholders who hold their shares on the UK principal register and already participate in
   the DRIP need not complete a DRIP mandate form for each dividend as such forms provide an
   ongoing authority to participate in the DRIP until cancelled in writing or online at
   www.signalshares.com. If you are unsure whether you have submitted a DRIP election you can
   check your account online at: www.signalshares.com. Alternatively, you can contact the UK
   Registrar, Link Group, by email at shares@linkgroup.co.uk or by phone on 0371 664 0381 or +44
   (0) 371 664 0381 from overseas. Calls are charged at the standard geographic rate and will vary
   by provider. Calls from outside the UK will be charged at the applicable international rate. Lines
   are open between 9:00 am and 5:30 pm, Monday to Friday excluding public holidays in England
   and Wales.

7. Shareholders on the UK principal register who wish to participate in the DRIP should complete
   an application form online at: www.signalshares.com.

8. Shareholders registered on the SA branch register who hold their shares through the Strate
   system and who wish to participate in the DRIP should contact their CSDP.
9. As at Thursday, 27 July 2023, being the declaration date of the Interim 2023 Dividend, the
   Company had a total of 5,002,265,607 ordinary shares in issue, with 7,691,247 of those
   ordinary shares held in Treasury.

10. The dates above are subject to change. Any changes made will be communicated as soon as
    practicably possible.

11. The Board retains the discretion to withdraw or modify the terms of the Interim 2023 Dividend
    at any time, because there are certain situations in which the Board may decide that it is no
    longer appropriate to pay the Interim 2023 Dividend, or it may not be permissible for the
    Company to do so.

For further information contact:

Richard Crowle
Senior Assistant Company Secretary
Tel: +44 (0)20 7887 1000

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