HAMMERSON PLC - Response to Press Speculation

Response to Press Speculation

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

3 August 2020

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE
7 OF THE MARKET ABUSE REGULATION (EC NO. 596/2014) ("MAR")

Hammerson plc

Response to Press Speculation


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, INTO OR
WITHIN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT
LAWS OR REGULATIONS OF THAT JURISDICTION

Hammerson plc (the ‘Company’) notes recent press speculation.

The Company confirms that it is in advanced discussions on the terms of a possible disposal
of its 50% interest in VIA Outlets to its joint venture partner APG. It is also considering a
possible equity raise by way of a rights issue.

The Company continues to take pro-active measures relating to the management of its cost
base and cash-flow and in recent weeks it secured approval for the issuance of up to £300m
under the Covid Corporate Finance Facility (CCFF) from the Bank of England. Following the
reopening of its flagship destinations across Europe, footfall and sales continue to improve
and Q3 rent collection in the UK (excluding monthly payments and deferrals) has increased to
over 30%.

The Company will provide a further update in due course, if appropriate.

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

Sponsor:
Investec Bank Limited

ENDS

This announcement is for information purposes only and shall not constitute or form part of
any offer to issue or sell, or the solicitation of any offer to purchase, subscribe for or
otherwise acquire, any securities of the Company in the United States (including its territories
and possessions, any state of the United States and the District of Columbia) (the “United
States” or “US”) or any other jurisdiction. No public offering of the Securities is being made
in any such jurisdiction. The securities referred to herein (the “Securities”) have not been and
will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”)
or with any securities regulatory authority of any state or other jurisdiction of the United
States, and accordingly may not be offered, sold, resold, pledged, taken up, exercised,
renounced, delivered, distributed or transferred directly or indirectly, into or within the
United States except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and in compliance with any applicable
securities laws of any relevant state or other jurisdiction of the United States. No public
offering of the Securities has been or will be made in the United States.

For further information:

Investor Contact
Josh Warren, Hammerson, Head of Investor Relations
Tel: +44 20 7887 1053
josh.warren@hammerson.com

Press Contacts
Hammerson
Catrin Sharp, Head of Corporate Communications
Tel: +44 20 7887 1063
catrin.sharp@hammerson.com

FTI Consulting (for Hammerson)
John Waples/ Dido Laurimore
Tel: +44 20 3727 1000/ 0780 1654424
dido.laurimore@fticonsulting.com

Date: 03-08-2020 08:00:00
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