Holding in Company

Hammerson PLC
6 December 2001



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     HAMMERSON PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     AEGON UK PLC GROUP OF COMPANIES

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.



5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     2,183,467

8)   (0.77%) of issued Class

9)   Class of security

     ORDINARY SHARES OF 25p EACH

10)  Date of transaction

     NOT STATED

11)  Date company informed

     6/12/2001

12)  Total holding following this notification

     LESS THAN 3%
               
13)  Total percentage holding of issued class following this notification

     LESS THAN 3%

14)  Any additional information

     FOLLOWING THIS DISPOSAL, AEGON NO LONGER HAVE A NOTIFIABLE INTEREST
     IN HAMMERSON PLC

15)  Name of contact and telephone number for queries

     STUART HAYDON - 020 7887 1017

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

     Date of Notification  6/12/2001