Successful pricing of 7-year GBP250m bond issuance

LSE and Euronext Dublin share code: HMSO JSE share code: HMN

("Hammerson" or the "Company" and, together with its subsidiaries and its proportionally consolidated share of its non-wholly owned properties and joint ventures, the "Group")

Successful pricing of 7-year GBP250m bond issuance due June 2033

Hammerson announces the pricing of a GBP250m bond with a maturity on 8 June 2033 at 107 basis points over the 4.125% Treasury Gilt 2033 with an annual coupon of 5.875 per cent (the "New Bond"). The issuance was more than four times covered with a peak order book in excess of £1.1bn.

Concurrently with the pricing of the New Bond, the Group has entered into interest rate swaps to convert the 5.875% fixed coupon into a floating rate of SONIA plus a margin of 131 basis points, resulting in a net initial rate of 5.04%. This is in line with the Group's interest rate risk management strategy and reduces the proportion of the Group's gross debt at fixed rates of interest from 95 per cent, reported at its 2026 Half Year Results, to 84 per cent.

The New Bond increases the Group's cash holdings (£500m at 30 June 2026) ahead of the maturity of the Group's EUR700m 1.75 per cent. Sustainability-Linked bond in June 2027.

The Group maintains its FY26 EPRA earnings guidance of c.£132m.

The New Bond, which will be issued on 8 September 2026, is subject to final legal documentation and customary closing conditions.

The New Bond will be issued under Hammerson's EMTN programme established in 2024. The prospectus dated 24 April 2026 published by the Company relating to the EMTN programme of the Company (the "Prospectus") and the supplementary prospectuses dated 27 August 2026 and 28 August 2026 published by the Company relating to the EMTN programme of the Company (the "Supplementary Prospectuses") are available on Hammerson's website at (www.hammerson.com/investors/shareholder-information/debt-investors) and available to the public for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Hammerson has ratings of BBB+ (issuer default rating) with a stable outlook and senior unsecured debt rating at A- from Fitch Ratings Limited ("Fitch") and Baa1 (long term debt) from Moody's Investors Services Limited ("Moody's"). The New Bond is expected to be assigned an A- rating by Fitch and a Baa1 rating by Moody's.

No action has been or will be taken in any jurisdiction in relation to the New Bond to permit a public offering of securities.

This announcement is directed only at (i) persons who are outside the United Kingdom (the "UK"), or (ii) persons who are in the UK who are (a) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (b) otherwise, persons to whom this announcement may lawfully be communicated pursuant to the Order (all such persons together being referred to as "relevant persons"). This announcement is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons. This electronic transmission may only be communicated to persons in the UK in circumstances where section 21(1) of the Financial Services and Markets Act 2000 does not apply to the Company.

Credit ratings referred to in this communication should not be taken as recommendations by a rating agency to buy, sell or hold the New Bond. They may be revised, suspended or withdrawn at any time by the relevant rating agency.

Compliance information for the New Bond:

EU MiFID II professionals/ECPs-only/No EU PRIIPs KID

UK MiFIR - professionals/ECPs-only / No DISC disclosure document

Manufacturer target market is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs key information document (KID) and no UK disclosure document required by the FCA Product Disclosure Sourcebook have been or will be prepared as the New Bond is not available to retail investors in the European Economic Area or the UK. Relevant stabilisation regulations including FCA/ICMA will apply.