HAMMERSON PLC - Hammerson plc announces exercise of early redemption option in respect of GBP 250,000,000 6.875% Bonds due 2020

Hammerson plc announces exercise of early redemption option in respect of GBP 250,000,000 6.875% Bonds due 2020

Hammerson plc
(Incorporated in England and Wales)
(Company number 360632)
LSE share code: HMSO JSE share code: HMN
ISIN: GB0004065016
(“Hammerson” or “the Company”)

13 September 2017

Hammerson plc announces exercise of early redemption option in respect of GBP 250,000,000
6.875% Bonds due 2020

If you are in doubt about any aspect of this announcement and/or the action you should take, you should
consult immediately your stockbroker, bank manager, solicitor, accountant or other professional advisor
authorised under the Financial Services and Markets Act 2000 (if you are in the United Kingdom) or
another appropriately authorised independent financial adviser.

Hammerson plc (the Company) announces the exercise of the Company's early redemption option in
respect of the GBP 250,000,000 6.875% Bonds due 2020 of which GBP 250,000,000 is currently
outstanding (ISIN: XS0109514538) (the Bonds).

Capitalised terms used in this announcement shall bear the meanings given to them in the Terms and
Conditions of the Bonds set out in the Second Supplemental Trust Deed dated 31 March 2000 and the
Third Supplemental Trust Deed dated 15 March 2001, in each case as amended by the Ninth
Supplemental Trust Deed dated 4 December 2009 (the Terms and Conditions).

The Bonds will be redeemed in full on 20 October 2017 pursuant to Condition 7(b) of the Terms and
Conditions. The Company has today delivered the notice required by Condition 7(b) to Euroclear and
Clearstream, Luxembourg. In accordance with the conditions of the Bonds, the notice will be deemed to
have been given to the Bondholders on 20 September 2017. Accordingly, the notice is deemed to be
delivered within the 30 to 45 day period prior to the date of redemption as required by Condition 7(b).

In connection with the redemption, the Company confirms the following:

Relevant Date: 11 September 2017

Redemption Price: 116.104% (excluding accrued interest)

Accrued interest: GBP 38.19 per GBP 1,000 nominal

Total payment: GBP 1,199.23 per GBP 1,000 nominal

The Redemption Price was calculated using the Gross Redemption Yield at 3pm (London time) on the
Relevant Date of the 8 per cent Treasury Stock 2021, in accordance with Condition 7(b)(ii).

Holders of Bonds which are held by Clearstream, Luxembourg or Euroclear should contact the relevant
corporate actions departments within the Clearing Systems for further information.


ENDS
Note: Hammerson has its primary listing on the London Stock Exchange and a secondary inward listing on the
Johannesburg Stock Exchange.

Joint Sponsors:
Deutsche Securities (SA) Proprietary Limited
Java Capital

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