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”)


THIS ANNOUNCEMENT (AND THE INFORMATION CONTAINED HEREIN) IS NOT FOR RELEASE,
PUBLICATION, DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART,
IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF
THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

FOR IMMEDIATE RELEASE


Interim 2022 Dividend and Enhanced Scrip Dividend Alternative

Cash Fraction Applicable to the Enhanced Scrip Dividend Alternative

6 October 2022

Further to the announcements released on 28 July 2022, 27 September 2022, and 28
September 2022, Shareholders are further advised of the below.

Fractions applicable to the Enhanced Scrip Dividend Alternative:

Shareholders on the UK Register

No fraction of a New Share will be issued to Shareholders on the UK Register. Entitlements to
New Shares of Shareholders on the UK Register who elect for the Enhanced Scrip Dividend
Alternative will be rounded down to the nearest whole number of New Shares. Entitlements
to fractions of New Shares will be paid to Shareholders who elect for the Enhanced Scrip
Dividend Alternative in cash based on the value of the Enhanced Scrip Dividend Alternative.
Such entitlements will be paid in the same way as the cash dividends are paid for the Interim
2022 Dividend.

Shareholders on the South Africa Register

No fraction of a New Share will be issued to Shareholders on the South Africa Register.

Shareholders on the South Africa Register cannot accumulate residual entitlements or receive
a fraction of a New Share. Where you have made an election to participate in the Enhanced
Scrip Dividend Alternative, which would otherwise give rise to an entitlement to a fraction of
a New Share, the number of New Shares to be received will be rounded down to the nearest
whole number of New Shares, and any residual entitlement which is less than the price of one
New Share will be paid to you in cash in Rand.
The cash fractional payment for Shareholders on the South Africa Register is to be determined
with reference to the volume weighted traded price on the Johannesburg Stock Exchange
(“JSE”) on Wednesday, 5 October 2022 (being the date on which the Shares began trading
on the JSE ex the cash dividend or Enhanced Scrip Dividend Alternative) of 385.00 ZAR cents,
discounted by 10% (“South Africa Fractional Reference Price”). Shareholders are accordingly
advised that the South Africa Fractional Reference Price is 346.50 ZAR cents (385.00 ZAR cents
discounted by 10%).

South African Taxation

The cash fractional payment is regarded as a dividend for South African tax purposes and
will be subject to dividends tax to the extent that it is declared in respect of a share listed on
the JSE. South African Dividends Tax at the rate of 20% will be withheld from such cash
dividends paid to individuals, therefore the net fractional rate will be 277.20 ZAR cents.
Shareholders are advised to seek their own tax advice from an independent tax adviser
should they be in any doubt as to the tax treatment for them of any cash fractional payment.

A summary of how UK Shareholders and South Africa Shareholders are likely to be treated for
tax purposes is set out in Section 2 of the Guide containing the terms and conditions of the
Enhanced Scrip Dividend Alternative, which is available on the Company's website,
https://www.hammerson.com/investors/dividend/scrip-dividend.

Unless otherwise stated, capitalised terms in this announcement shall have the meanings
given to them in the Circular dated Wednesday, 28 September 2022 in connection with
(amongst other things) the proposed Interim 2022 Dividend and Enhanced Scrip Dividend
Alternative which can be found at: https://www.hammerson.com/investors/dividend/scrip-
dividend.



 Registered Office       UK Registrars             SA Transfer Secretaries
 Kings Place             Link Group                Computershare Investor
 90 York Way             10th Floor                Services Proprietary Limited
 London                  Central Square            (Registration number
 N1 9GE                  29 Wellington Street      2004/003647/07)
 United Kingdom          Leeds                     1st Floor, Rosebank Towers
                         LS1 4DL                   15 Biermann Avenue,
                                                   Rosebank, 2196
                                                   South Africa
                                                   (Private Bag, X9000, Saxonwold 2132 South
                                                   Africa)

For further information contact:

Josh Warren
Director of Strategy and Investor Relations
Tel: +44 20 7887 1053
josh.warren@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

This announcement is for information purposes only and is not intended to, and does not,
constitute or form part of any offer to sell or issue, or the solicitation of an offer to purchase,
subscribe for or otherwise acquire any securities of the Company, whether pursuant to this
announcement or otherwise.

The New Shares have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "US Securities Act"), or with any securities regulatory authority
or under the relevant laws of any state or other jurisdiction of the United States, and may not
be offered, sold, taken up, exercised, resold, pledged, renounced, transferred or delivered,
directly or indirectly, into or within the United States, except pursuant to an applicable
exemption from, or in a transaction not subject to, the registration requirements of the US
Securities Act and in compliance with any applicable securities laws of any state or other
jurisdiction of the United States. There has been and will be no public offering of the New
Shares in the United States.

The release, publication or distribution of this announcement in jurisdictions outside the United
Kingdom, the Republic of Ireland and South Africa may be restricted by law and, therefore,
persons into whose possession this announcement comes should inform themselves about,
and observe, such restrictions. Any failure to comply which such restrictions may constitute a
violation of the securities law of any such jurisdiction.