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”) 8 November 2022 Q3 trading, operational and rent collection update Adjusted earnings • Hammerson now expects FY22 adjusted earnings to be not less than £100m. • Year-to-date, like-for-like gross rental income increased by 11%; net rental income continues to benefit from strong leasing performance, improved collections and resulting lower bad debt charges. • Earnings also benefited from lower administration and net finance costs, and a better than expected performance from Value Retail. Footfall • UK and Ireland footfall has continued to show an improving trend to currently c.90% of 2019 levels, with France at c.95%. • Footfall consistently exceeds national indices. Sales • Sales continue to be above 2019 levels with UK Q3 sales +4%; France +3%; and Ireland +2%. • Footfall at Value Retail in Q3 was around 90% of 2019 levels, with brand sales approaching 93%, while spend per visit is around 4% ahead of 2019. Leasing • 221 leases have been signed year-to-date, representing £17m of headline rent, 43% ahead of previous passing rent and 2% ahead of ERV on a net effective basis. • More than half of leasing has been to non-fashion categories, including F&B, leisure and services, although best-in-class fashion brands and new concepts remain core to our offer. • Demand for prime space remains high, with Group occupancy at 95% including the Cergy extension. Our pipeline for Q4 is strong. Rent Collections • Group Q3 22 rent collections to date are at 93%. • We expect collection rates to continue to improve further by the full year. Valuations • Yields remained stable in aggregate at Q3 with only marginal adjustments to ERVs. Debt and disposals • Value Retail completed the refinancing of Bicester Village in September. • The Group announced on 3 November 2022 that it intends to exercise the par call option on the remaining €235.5m of 2023 eurobonds with existing cash on balance sheet. • No further Group unsecured debt maturities not covered by existing cash until 2025. • Hammerson delivered £194m in disposals in H1. Discussions are ongoing with a range of interested parties on a further c.£300m of non-core disposals, and we remain confident of completion of these disposals by the end of 2023 as previously guided. Investor Enquiries: Josh Warren, Director of Strategy and Investor Relations Tel: +44 (0)20 7887 1109 Email: josh.warren@hammerson.com Media Enquiries: Dido Laurimore, FTI Consulting Tel: + 44 (0)7801 654424 Email: dido.laurimore@fticonsulting.com Natalie Gunson, Communications Director, Hammerson Tel: +44 (0)20 7887 1063 Email: natalie.gunson@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