Revolving Credit Facility

Hammerson PLC
23 April 2007



Hammerson plc- £340 million Revolving Credit Facility


Hammerson plc announces the successful syndication and signing of a £340 million
five-year revolving credit facility. The facility is extendable for two further
years at the option of the lenders. The facility carries a margin of 37.5 basis
points over Libor. It will be used for general corporate purposes. The facility
was increased to £340 million following an over subscription and was arranged by
thirteen mandated lead arrangers.




Mandated lead arrangers                                           Sterling (£)
_______________________

            Bank of China, London Branch                            25,000,000
            Bank of Tokyo-Mitsubishi UFJ, Ltd                       25,000,000
            Barclays Capital                                        25,000,000
            BNP Paribas                                             25,000,000
            Deutsche Bank AG, London Branch                         25,000,000
            Dresdner Kleinwort Limited                              25,000,000
            Fortis Bank S.A./N.V.                                   25,000,000
            HSBC Bank plc                                           25,000,000
            JP Morgan Plc                                           25,000,000
            Lloyds TSB Bank plc                                     25,000,000
            The Royal Bank of Scotland plc                          25,000,000
            Wachovia Bank, National Association                     25,000,000
            Westdeutsche Immobilienbank AG, London Branch.          25,000,000

Arranger
________

            HSH Nordbank AG, London Branch                          15,000,000
                                                                    __________

Total Commitments                                                 340,000,000
                                                                  ___________


This new facility will replace an existing £230 million facility which was due
to expire in June 2009 and for which a cancellation notice has now been issued.
Following this, the total medium term committed financing available to Hammerson
is approximately £3.3 billion, providing headroom of around £1.0 billion.


Simon Melliss, Group Finance Director, commented:


'I am delighted with the excellent response we have received from our bankers
for this medium term facility. It provides flexibility for Hammerson during a
period when we are undertaking a number of major capital projects.'


Simon Melliss

Group Finance Director, Hammerson plc

Tel: [phone]



Chris Smith

Director of Corporate Affairs, Hammerson plc

Tel [phone]

E-mail: [e-mail]


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