Holding in Company

Hammerson PLC
15 May 2001



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

HAMMERSON PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

ROYAL & SUN ALLIANCE INSURANCE GROUP PLC

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

AS IN 2) ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

VARIOUS

5)   Number of shares/amount of stock acquired.

N/A

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

NOT STATED

8)   ( N/A %) of issued Class   NOT STATED

9)   Class of security

ORDINARY SHARES OF 25P EACH

10)  Date of transaction

NOT STATED

11)  Date company informed

14/5/01

12)  Total holding following this notification

NOT STATED
               
              
13)  Total percentage holding of issued class following this notification

NOT STATED

14)  Any additional information

THE SHAREHOLDER IN 2) ABOVE NO LONGER HAS A NOTIFIABLE INTEREST IN THE SHARES OF
HAMMERSON PLC

15)  Name of contact and telephone number for queries

NICOLA CHURCHILL   020 7887 1823

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ......15/5/01