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Post-transaction report - Hammerson plc 2025

Post-transaction report

Item	Description
Name of issuer	Hammerson plc
Transaction details	In aggregate, the Placing of 48,253,994 ordinary shares represents approximately 9.9% of the Company's issued ordinary share capital. In respect of the Placing Shares, the Banks and the Company have agreed to place 32,080,390 UK Placing Shares to placees who are not South African Qualifying Investors; and 16,173,604 SA Placing Shares to placees who are South African Qualifying Investors. Subject to the First Admission becoming effective, it is expected that settlement of subscriptions in respect of the UK Placing Shares subscribed for by any placees and trading in the UK Placing Shares will commence at 8:00 a.m. (London time) on 5 August 2025. Second Admission is subject to receipt of SARB Approval and a long stop date of 31 August 2025. Further announcements will be made by the Company at the appropriate time, as and when required.
Use of proceeds	The net proceeds of the Placing will be used to fund a portion of the consideration for the proposed acquisition by the Group of the remaining legal and beneficial interests in a series of property-holding entities in connection with the Bullring shopping center and Grand Central shopping center.
Quantum of proceeds	In aggregate, the Placing will raise gross proceeds of approximately £138.5 million and net proceeds of approximately £135 million.
Discount	The Placing Price of 287 pence represents a discount of 2.5 per cent. to the closing price on 30 July 2025, which was 294.4 pence.
Allocations	Soft pre-emption has been adhered to in the allocations process, where possible. Management was involved in the allocations process, which has been carried out in compliance with the MIFID II allocation requirements. Allocations made outside of soft pre-emption were preferentially directed towards existing shareholders in excess of their pro rata interests and wall-crossed accounts.
Consultation	The Banks undertook a pre-launch wall-crossing process, including consultation with major shareholders, to the extent reasonably practicable and permitted by law.
Retail investors	Following discussions between the Banks and the Company, it was decided that a retail offer would not be included in the Placing. The Placing structure was chosen to minimise cost, time to completion and complexity.

Post-transaction report - Hammerson plc 2025

Post-transaction report

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