HAMMERSON PLC - Commencement of Buyback Programme

Commencement of Buyback Programme

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

Commencement of Buyback Programme
24 July 2018


The Company announces that it is commencing a share buyback programme for its
ordinary shares (the “Programme”). As announced in its recent interim results
announcement on 24 July 2018, the Company intends to return realised disposal proceeds
to shareholders through the Programme over the next 12 months as the Company
progresses with its disposal programme. The maximum aggregate consideration under the
Programme will be £300 million. The Programme will commence today and will end no later
than 19 July 2019. Any purchase of ordinary shares will be executed in accordance with
Hammerson's general authority to repurchase ordinary shares granted by its shareholders
on 24 April 2018, up to a maximum of 79,422,719 ordinary shares. The purpose of the
Programme is to reduce the ordinary share capital of the Company.

The Company has entered into an agreement with Deutsche Bank AG, London Branch and
intends to enter into an agreement with J.P. Morgan Securities Limited (the “Brokers”) to
conduct the Programme on its behalf. The Brokers will purchase the Company's ordinary
shares as principal. Shares purchased through the Programme will be cancelled.


Sarah Booth
General Counsel and Company Secretary
+44 (0) 20 7887 1000


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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