Signing of Leases

Hammerson PLC
03 June 2004



NEWS RELEASE







For immediate release - Thursday, 3 June 2004



Hammerson Signs Leases at Neo, 14 boulevard Haussmann, Paris 9eme



Hammerson plc has signed a lease with the Embassy of the United States of
America for  2,200 m(2) (23,700 ft(2)) of office accommodation at Neo, 14
boulevard Haussmann, Paris 9eme. The rent for the office space is €635 per m(2),
with a six month rent free period. The lease term is nine years, with a tenant's
break option at the end of the sixth year.



In addition, a lease has been signed with CCF, a subsidiary of HSBC Holdings
plc, for 900 m(2) (9,300 ft(2)) of office space at Neo, 14 boulevard
Haussmann. The rent for the office space is €675 per m(2), with a six month rent
free period. The lease term is nine years, with a tenant's break option at the
end of the sixth year.



Providing 26,700 m(2) of high specification office accommodation, the building
was completed in September 2003 at a total development cost of €283 million.



John Richards, Chief Executive of Hammerson, commented:



'At the time of our preliminary results, I stated that we were in dialogue with
two or three occupiers, but that closing deals remained tough. I am delighted,
therefore, that we have been able to translate this interest into these first
lettings.'




For further information:

John Richards                                      Tel:  [phone]
Chief Executive



Olivia Hall                                        Tel: [phone]
Corporate Communications Manager                [e-mail]




                      This information is provided by RNS
            The company news service from the London Stock Exchange