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”)

3 November 2022

Hammerson plc today announces exercise of early redemption option in respect of
Bonds due in 2023 with cash held on balance sheet. All further Group debt maturities
until 2025 remain covered by existing cash facilities.

2023 €500,000,000 1.750 per cent Bond Redemption

If you are in doubt about any aspect of this announcement and/or the action you
should take, you should consult your stockbroker, bank manager, solicitor,
accountant or other professional advisor authorised under the Financial Services and
Markets Act 2000 (if you are in the United Kingdom) or another appropriately
authorised independent financial advisor.

Hammerson plc announces the exercise of the Company’s early redemption option
in respect of the €500,000,000 1.750 per cent. Bonds due 2023 (ISIN: XS1379158550)
(the “Bonds”). As at the date of this announcement the aggregate principal amount
of Bonds outstanding is €235,507,000.

Capitalised terms used in this announcement shall bear the meanings given to them
in the terms and conditions of the Bonds contained in the prospectus dated 11
March 2016 (the “Terms and Conditions”).

The Bonds will be redeemed in full on 16 December 2022 (the “Optional Redemption
Date”) pursuant to Condition 6(b) of the Terms and Conditions and will be settled
using the existing cash on balance sheet covering this maturity as outlined in our
interim results presentation. There are no further Group debt maturities not covered
by existing cash on the balance sheet until 2025. The Company has today delivered
the notice required by Condition 6(b) to Euroclear and Clearstream, Luxembourg.

The Bonds will be redeemed at par, being a price equal to the principal amount of
the Bonds, together with interest accrued to but excluding the Optional Redemption
Date.

Holders of the Bonds which are held on behalf of Euroclear or Clearstream,
Luxembourg should contact the relevant corporate actions departments within the
clearing systems for further information.

Investor Enquiries:
Josh Warren, Director of Strategy and Investor Relations
Tel: +44 (0)20 7887 1053 Email: josh.warren@hammerson.com
Media Enquiries:
Dido Laurimore, FTI Consulting: + 44 (0)7801 654424

Natalie Gunson, Communications Director, Hammerson
Tel: +44 (0)20 7887 4672 Email: natalie.gunson@hammerson.com

Debt Enquiries
Richard Sharp, Group Treasurer
Tel: +44 (0)20 7887 1119 Email: richard.sharp@hammerson.com

Tony Winterbourn, Deputy Treasurer
Tel: +44 (0)20 7887 1080 Email: tony.winterbourn@hammerson.com

ENDS


Hammerson has its primary listing on the London Stock Exchange and a secondary
inward listing on the Johannesburg Stock Exchange.

Sponsor:
Investec Bank Limited




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