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”)

31 August 2023


Hammerson issues £100m bond tap of existing £200m bonds maturing
                             2028

Hammerson announces that further to direct demand for Hammerson bonds, it has priced a £100m
increase (or “tap”) of its existing £200m 7.25% coupon bonds maturing in 2028, resulting in an
outstanding notional of £300m1. The new bonds will have the same terms and conditions as the
existing bonds. The new bonds will be placed with an existing large institutional investor.

Hammerson will use the proceeds for general corporate purposes including a tender offer for its
£350m 3.5% bonds maturing in 2025 and £300m 6.0% bonds maturing in 2026 that has been
announced earlier today.

The prospectus for the new bonds, when published, will be available on Hammerson’s website
(www.hammerson.com/investors/shareholder-information/debt-investors) and a copy will be
submitted to the National Storage Mechanism and available to the public for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanismon.

Notes:

1.   Subject to the signing of the subscription agreement

IMPORTANT DISCLAIMER: This announcement does not constitute an offer of any
securities for sale (including, without limitation, the new bonds). The offer and sale of the
new bonds may be restricted by law in certain jurisdictions. This announcement is not for
release, publication or distribution in whole or in part, in, into or from any jurisdiction where
to do so would constitute a violation of the relevant laws of such jurisdiction.

The new bonds are not being, and will not be, offered or sold in the United States of America
(including its territories and possessions, any state of the United States of America and the
District of Columbia) (the “United States”). Nothing in this document constitutes an offer to
sell or the solicitation of an offer to buy the new bonds in the United States or any other
jurisdiction. Securities may not be offered, sold or delivered in the United States absent
registration under, or an exemption from the registration requirements of, the Securities
Act. The new bonds have not been, and will not be, registered under the Securities Act or
the securities laws of any state or other jurisdiction of the United States and may not be
offered, sold or delivered, directly or indirectly, within the United States or to, or for the
account or benefit of, U.S. persons.

Compliance information for the new bonds: No EU PRIIPs KID – eligible counterparties and
professional clients only (all distribution channels). No sales to EEA retail investors; no key
information document in respect of the EEA has been or will be prepared. UK MiFIR
professionals/ECPs only/No UK PRIIPs KID – eligible counterparties and professional
clients only (all distribution channels). No sales to UK retail investors; no key information
document in respect of the UK has been or will be prepared.

No action has been taken or will be taken in any jurisdiction in relation to the new bonds to
permit a public offering of securities.

ENDS




Enquiries

Richard Sharp, Director of Treasury, Tax and Insurance
Tel: + 44 (0) 207 887 1119   E:richard.sharp@hammerson.com

Hammerson Investor Contacts
Josh Warren, Director of Strategy, Commercial Finance and Investor Relations
T: +44 (0) 20 7887 1053     E: josh.warren@hammerson.com

Hammerson Media Contacts
Natalie Gunson, Group Communications Director, Hammerson
T: +44 (0) 20 7887 4672         E: natalie.gunson@hammerson.com

MHP for Hammerson
Ollie Hoare and Charles Hirst
T: +44 (0)20 3128 8100        E: Hammerson@mhpgroup.com


Notes to editors

Hammerson has ratings of BBB (issuer default rating) from Fitch Ratings Limited (“Fitch”) and
Baa3 (long term debt) from Moody’s Investors Services Limited (“Moody’s”). The new bonds are
expected to be assigned a BBB+ rating by Fitch and a Baa3 rating by Moody’s. Morgan Stanley
are acting as Sole Lead Manager on the issuance of the new bonds. Lloyds Bank Corporate
Markets and Mizuho are acting as dealer managers on the tender offer referred to herein.

About Hammerson

Hammerson is a cities business. An owner, operator and developer of prime urban real estate,
with a portfolio value of £4.7billion (as at 30 June 2023), in some of the fastest growing cities in
the UK, Ireland and France.
Our portfolio and adjacent lands leverage our experience and capabilities to create and manage
exceptional city centre destinations with the opportunity to drive value and reshape entire
neighbourhoods.
Our assets are high profile and play an important role in our communities, welcoming more than
215 million visitors each year and supporting 20,000+ jobs though our retail, dining and social
occupiers.
These destinations include Bullring in Birmingham, The Oracle in Reading, Dundrum Estate,
Dublin and Terraces du Port in Marseille. We also hold investments in Value Retail, best-in-class
villages such as Bicester Village, Oxfordshire.
Hammerson also holds 100 acres of attractive pre-development and strategic land. This includes
complementary adjacent land, creating optionality to enhance both the scale and diversity of the
existing estate, and stand-alone land opportunities. These include Martineau Galleries in
Birmingham and Bishopsgate Goodsyard, Shoreditch.


www.hammerson.com



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