HAMMERSON PLC - Update on AGM and Remuneration

Update on AGM and Remuneration

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

Update on AGM and Remuneration
25 March 2020

In light of the impact of Covid19, the Company plans to hold its AGM on 28 April
2020 electronically. It will change the principal place of the AGM from the
Company’s registered office to an electronic platform that will enable shareholders
to attend and participate virtually. The Company will provide full details for the
electronic AGM in due course.

Following the publication of the Annual Report and Notice of AGM, the Board has
agreed, in the light of current market conditions, two changes in relation to the
Implementation of the Proposed Remuneration Policy in 2020 (see page 120 of the
Annual Report):
    -  The Executive and Non-Executive Directors have asked that their salary and
       fee increases (set out in the Directors Remuneration Report and due to take
       effect on 1 April) be cancelled; and
    -  The Company is seeking shareholder approval at the AGM to introduce the
       Restricted Share Scheme and has indicated that the initial grant would be
       over shares worth, at the time of grant, 75% of salary. Given the fall in share
       price since the proposed Remuneration Policy was developed by the
       Remuneration Committee, the Committee plans to decide on the timing and
       number of the shares to be granted in due course. Its objective will be to
       ensure that the Restricted Share Scheme and Policy operate as intended,
       and the grant is subject to the 75% cap.

These two points will not change the terms of the proposed Remuneration Policy
itself.


Julia Crane
Deputy 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.

Sponsor:
Investec Bank Limited

Date: 25-03-2020 10:00:00
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