Director Shareholding

Hammerson PLC
24 October 2003


On 26 September 2003 allocations of shares by way of the grant of nil cost
options were made, in accordance with the terms of the Deferred Share Plan, to
executive directors and senior executives of Hammerson plc. These options may be
exercised after a period of three years with the number of shares over which
such options can be exercised being dependent on the level of achievement of
financial performance targets over that period.  The maximum number of shares
over which an option can be exercised in respect of the grant made on 26
September 2003 and the total maximum number of shares in respect of this and
previous grants made in 2001 and 2002 by the following Executive Directors are
as follow:

                                               26.9.03                  Total
R J G Richards                                  55,822                 169,044
J A Bywater                                     33,288                 100,102
P W B Cole                                      33,288                 100,102
G Devaux                                        36,702                 110,747
S R Melliss                                     42,677                 127,490


For further information:

Stuart Haydon
Company Secretary
020 7887 1000




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