Holding(s) in Company

Hammerson PLC
13 January 2003

                  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.



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 NOTIFIED

8)   (%) of issued Class

     NOT NOTIFIED

9)   Class of security

     ORDINARY SHARES OF 25P EACH 

10)  Date of transaction

     NOT NOTIFIED

11)  Date company informed

     13 JANUARY 2003

12)  Total holding following this notification

      NO NOTIFIABLE INTEREST
               
13)  Total percentage holding of issued class following this notification



14)  Any additional information

     NO 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

     Date of Notification ...13 JANUARY 2003...


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