Contract Termination

Hammerson PLC
25 November 2003

Hammerson - Sale of Three London Office Buildings

On 17 October 2003, Hammerson plc announced the exchange of conditional
contracts for the sale of three office properties in central London, 21
Moorfields, EC2, Grant Thornton House and 40 Melton Street, Euston Square, NW1,
to a subsidiary of Fordgate, a private company, for a total of £122 million.

Although Hammerson has fulfilled the outstanding conditions, the proposed
purchaser has failed to complete the transaction in accordance with the
contract. Therefore Hammerson has terminated the contract and intends to retain
the purchaser's deposit and will be seeking appropriate redress.



For further information:

John Richards                                                Tel:  [phone]
Chief Executive

Christopher Smith                                            Tel:  [phone]
Director of Corporate Affairs                             [e-mail]



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