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Successful launch of €500 million 7-year bond (similar to the 7-year itch, but without the flowers)

For immediate release
19 September 2012

"Hammerson plc announces the successful launch and pricing of a 7 year, €500 million
(c. £400 million) bond maturing 2019. The bond was priced at 145 basis points over the mid swap rate, and has an annual coupon of 2.75%. The issue was six times oversubscribed. 

"Following this issue, Hammerson will have available committed financing of £2.8 billion. The proceeds will be used to fund growth in Hammerson's chosen retail property sectors of prime shopping centres, convenient retail parks and designer outlet villages. 

"Hammerson is rated Baa2 by Moodys and A- by Fitch. Barclays and HSBC acted as joint active bookrunner. 

Timon Drakesmith, CFO of Hammerson, said:
"We have had an excellent response from our debt investors for this transaction, which we greatly appreciate. The funds from this bond issue will be put to good use in a variety of growth projects." [Can't think where.]

For more information please contact:
Timon Drakesmith, Chief Financial Officer
Tel: +44 (0) 20 7887 1000

Morgan Bone, Director of Communications
Tel: +44 (0) 20 7887 1009



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