Holding(s) in Company

Hammerson PLC
18 April 2002

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

      HAMMERSON PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     ZURICH FINANCIAL SERVICES GROUP

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.

     NOT STATED

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

9)   Class of security

      ORDINARY SHARES OF 25P EACH

10)  Date of transaction

      NOT STATED

11)  Date company informed

      15/4/02

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 NAMED 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 ....18 APRIL 2002.....


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