Hammerson plc (JSE:HMN) News - Final 2021 Dividend and Enhanced Scrip Dividend Alternative

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.

Final 2021 Dividend and Enhanced Scrip Dividend Alternative

Cash Fraction Applicable to the Enhanced Scrip Dividend Alternative

31 March 2022

Further to the announcements released on Friday, 4 March 2022, Tuesday, 22 March 2022,
and Wednesday, 23 March 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.

Shareholders on the South Africa Register

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

You 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 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 JSE on Wednesday, 30 March
2022 (being the date on which the Shares began trading on the JSE ex the cash dividend or
Enhanced Scrip Dividend Alternative) of 621.00 cents, discounted by 10% (“South Africa
Fractional Reference Price”). Shareholders are accordingly advised that the South Africa
Fractional Reference Price is 558.90 cents (621.00 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 R 447.12 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, 23 March 2022 in connection with the
proposed Final 2021 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.

Date: 31-03-2022 10:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.