Purchase of Own Securities

Hammerson PLC
31 October 2001

 
Hammerson repurchase of 6.5% Subordinated Convertible Bonds due 2006  
 
Hammerson plc has purchased a further £21,640,000 of the above issue for
cancellation at an average price of 103.5% plus accrued interest. Following
this, Hammerson has repurchased a total of 41.0% of the original issue.
 
Prior to this repurchase, the aggregate principal amount of the Bonds
outstanding was £86,525,000.
 
     
For further information:
 
Simon Melliss                                         Tel: [phone]
Group Finance Director                               Fax: [phone]
 
Christopher Smith
Director of Corporate Affairs