Dividend Currency Conversion Announcement Hammerson plc (Incorporated in England and Wales) (Company number 360632) LSE share code: HMSO JSE share code: HMN ISIN: GB0004065016 (“Hammerson” or “the Company”) Dividend Currency Conversion Announcement Dividend No. 133 22 August 2017 On 26 July 2017, the Company declared an interim dividend of 10.70 pence per share (“the Dividend”) for the period ended 30 June 2017. The Dividend will be subject to a 20% UK withholding tax unless exemptions apply and will be treated as a Property Income Distribution (“PID”). The Dividend Reinvestment Plan (“DRIP”) will be available for those shareholders who wish to receive the Dividend in the form of shares. The Dividend is payable on Monday, 9 October 2017 to shareholders registered on the UK principal register (“UK Shareholders”) and the South African branch register (“SA Shareholders”) who have elected to receive the Dividend in cash. The DRIP purchases settlement date (subject to market conditions and the purchase of shares in the open market) is Monday, 16 October 2017. The Record Date for both UK Shareholders and SA Shareholders is at the close of business on Friday, 1 September 2017. The Dividend should be regarded as a “foreign dividend” for South African income and dividends tax purposes. Shareholders receiving the Dividend in cash The Company confirms that the South African Rand exchange rate for the Dividend will be ZAR 17.12290 to GBP 1. The Dividend is payable in South African Rand to SA Shareholders. Accordingly, shareholders who do not elect for the DRIP will be paid as follows: UK Shareholders SA Shareholders PID (GBP pence) (ZAR cents) Gross amount of PID 10.70p 183.21503 cents Less 20% UK withholding tax/20% SA dividends tax* 2.14p 36.64301 cents Net PID dividend payable 8.56p 146.57202 cents *Please note that this is the net position after SA Shareholders have claimed back 5% from Her Majesty’s Revenue & Customs (“HMRC”) under the double tax agreement between the United Kingdom and South Africa. Cash PIDs A 20% UK withholding tax will be deducted from cash PIDs. The Company will account to HMRC in sterling for the total UK withholding tax deducted. SA dividends tax, at the rate of 20% will apply to cash PIDs and dividends payable by the Company unless the beneficial owner of the dividend is exempt from SA dividends tax (e.g. if it is a South African resident company). Under the double tax agreement between the UK and SA (“the DTA”), the maximum tax payable in the UK is 15%. South African resident shareholders are therefore entitled to claim the excess of 5% from HMRC. As SA Shareholders are entitled to reclaim this excess from HMRC, the maximum rebate allowable in respect of the UK withholding tax against the SA dividends tax is 15%, which means that the Company will have to withhold a further 5% from the dividend in South Africa to bring the total dividends tax to 20%. In summary, therefore, 20% will be withheld in the UK, a further 5% will be withheld in SA (where appropriate), but South African resident shareholders will be entitled to claim back 5% from HMRC which will bring the overall total to 20%. Shareholders electing for the DRIP SA Shareholders electing for the DRIP should note that, in respect of fractional entitlements that may arise, all allocations of shares will be rounded down to the nearest whole number, and any residual amounts that are not used to reinvest in shares (as a result of rounding down) will be paid in cash. It is the Company’s understanding that the residual cash paid to SA Shareholders who have made DRIP elections would already have been taxed prior to the calculation of the number of shares and any residual cash owing to such SA Shareholders. Accordingly, no further tax should be payable on the cash paid to SA Shareholders as a result of any fractional entitlements. The above information and the guidelines on the taxation of dividends are provided as a general guide based on the Company’s understanding of the law and practice currently in place. Any shareholder who is in any doubt as to their tax position should seek independent professional advice. Registered Office UK Registrars SA Transfer Secretaries Kings Place Capita Asset Services Computershare Investor Services 90 York Way The Registry Proprietary Limited London 34 Beckenham Road (Registration N1 9GE Beckenham number 2004/003647/07) United Kingdom Kent 1st Floor, Rosebank Towers, BR3 4TU 15 Biermann Avenue, Rosebank, United Kingdom 2196 South Africa (PO Box 61051, Marshalltown, 2107, South Africa) 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 Date: 22/08/2017 10:31:00 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. 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