Holding(s) in Company

Hammerson PLC
11 December 2002


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     HAMMERSON PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     AVIVA PLC 
     (FORMERLY CGNU 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.

     BNY NORWICH UNION NOMINEES LTD - 3,307,501

     BT GLOBENET NOMINEES LTD       -     8,700

     CHASE GA GROUP NOMINEES LTD    - 2,022,182

     CUIM NOMINEE LTD               - 2,076,910

5)   Number of shares/amount of stock acquired.

     N/A

6)   (N/A%) of issued Class

7)   Number of shares/amount of stock disposed

     1,000,000

8)   (0.36%) of issued Class

9)   Class of security

     ORDINARY SHARES OF 25p EACH

10)  Date of transaction

     9/12/2002

11)  Date company informed

     10/12/2002

12)  Total holding following this notification

     7,415,293
               
13)  Total percentage holding of issued class following this notification

     2.67%

14)  Any additional information

     NO LONGER HAS ANY NOTIFIABLE INTEREST

15)  Name of contact and telephone number for queries

     NICOLA CHURCHILL - 020 7887 1000

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

     STUART HAYDON 
     COMPANY SECRETARY

     Date of Notification 11 DECEMBER 2002



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