HAMMERSON PLC - The Hammerson Scrip Dividend Scheme Scrip Reference Share Price

The Hammerson Scrip Dividend Scheme – Scrip Reference Share Price

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


2 September 2016

The Hammerson Scrip Dividend Scheme – Scrip Reference Share Price

On 25 July 2016, the Company announced its half-year results for the six months ended 30
June 2016 and declared an interim dividend of 10.1p (the "Interim Dividend”) which will be
treated entirely as a Property Income Distribution ("PID") and will be paid on 10 October 2016
to shareholders on the Company register at the close of business on 26 August 2016
("Record Date"). Shareholders who acquired ordinary shares in the Company after the Record
Date, which would include all shareholders who acquired ordinary shares in the Company on
the Johannesburg Stock Exchange (the “JSE”) following the Company's listing on the JSE on
1 September 2016 (the “Secondary Listing”), may not participate in the Interim Dividend.
Shareholders who held ordinary shares in the Company on the Record Date and who migrated
all or a portion of that shareholding to the JSE following the Secondary Listing will be entitled
to participate in the Interim Dividend, but such dividend will be paid in Pound Sterling in terms
of payment instructions that were in place as at the Record Date.

We also announced that the Company would again be offering shareholders the opportunity to
participate in the Hammerson Scrip Dividend Scheme (the "Scheme"). Shareholders electing
to participate in the Scheme (including shareholders who held ordinary shares in the Company
on the Record Date and who migrated all or a portion of that shareholding to the JSE following
the Secondary Listing) will, for the Interim Dividend, receive new ordinary shares in the
Company listed on the London Stock Exchange (the "LSE") instead of cash, and the entire
dividend will be treated as a PID, net of withholding tax where appropriate. An equivalent
number of new shares that will be listed on the LSE pursuant to the Scheme will also be listed
on the JSE.

The Scrip Reference Share Price which will be used in calculating the number of new
ordinary shares is 579.0p.

This figure is equal to the average of the closing middle market quotations derived from the
Daily Official List of the LSE for the five dealing days commencing on Thursday 25 August
2016, being the day on which the Company's ordinary shares were first quoted "ex dividend".

A guide containing the terms and conditions of the Scheme (the "Guide") is available on the
Company's website. A circular summarising how shareholders can participate in the Scheme
will be posted to shareholders on Monday 5 September 2016 (the “Circular”) and will also be
available on the Company's website, www.hammerson.com/investors.

The deadline by which shareholders can elect to participate in the Scheme is Monday 19
September 2016. As further detailed in the Circular, the timetable for the Interim Dividend is as
follows:




                                                                                               1
             DATE                                       EVENT

   Thursday 25 August 2016     Ex-dividend date

   Friday 26 August 2016       Dividend Record Date
   Monday 19 September         Last date for Capita Asset Services to receive Mandates
   2016                        from shareholders holding certificated shares electing to
                               participate in the Scheme
                               Last date for shareholders holding uncertificated shares
                               on CREST to elect to participate in the Scheme
   Monday 10 October 2016      Dividend Payment Date
                               Expected date of issue, admission and first day of
                               dealings in the new shares on the LSE
                               Expected date of listing on the JSE of the equivalent
                               number of new shares that will be listed on the LSE
                               pursuant to the Scheme



Defined terms used in this announcement have the same meaning as in the Guide.

Hammerson has its primary listing on the LSE and a secondary inward listing on the JSE. Joint
sponsors to Hammerson's secondary inward listing on the JSE are Deutsche Securities (SA)
Proprietary Limited and Java Capital.

This announcement has also been released on the Regulatory News Service of the LSE.


Sarah Booth
General Counsel and Company Secretary




                                                                                           2

Date: 02/09/2016 01:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.