Holding(s) in Company

For filings with the FSA include the annex

For filings with issuer exclude the annex 

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Hammerson plc

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached 

X

An event changing the breakdown of voting rights

Other (please specify):______________

3. Full name of person(s) subject to notification obligation:

Morgan Stanley (Institutional Securities Group and Global Wealth Management)

4. Full name of shareholder(s) (if different from 3):

5. Date of transaction (and date on which the threshold is crossed or reached if different):

08.08.08

6. Date on which issuer notified:

11.08.08

7. Threshold(s) that is/are crossed or reached:

10%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

Ordinary Shares

GB0004065016

31,534,013

31,534,013

11,159,121

11,159,121

3.86%

3.86%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted

)

Percentage of voting rights

Total return Swap

30/03/2009

-

1,461,918

0.50%

Total Return Swap

09/03/2009

-

9,522,280

3.29%

Total Return

01/07/2009

5,000,000

1.72%

Total (A+B)

Number of voting rights

Percentage of voting rights

27,143,319

9.37%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

Morgan Stanley and Co Incorporated 888 (0.00%)

Morgan Stanley Securities Limited 11,078,530 (3.83%)

Morgan Stanley Capital (Luxembourg) SA 79,703 (0.03%)

Chain 1

Morgan Stanley (0.50%) (1,461,918 voting rights) by virtue of being the sole shareholder of MSRESS III, Inc (0.50%) (1,461,918 voting rights) by virtue of being the sole shareholder of MSRESS III Manager, L.L.C (0.50%) (1,461,918 voting rights) by virtue of being the sole shareholder of Morgan Stanley Real Estate Special Situations III-GP, L.L.C as general partner to Morgan Stanley Real Estate Special Situations Fund III L.P (0.50%) (1,461,918 voting rights) SSF III Hedging GP as general partner to SSF III Hedging, LP (0.50%) (1,461,918 voting rights).

Chain 2

Morgan Stanley (5.01%) (14,522,280 voting rights) by virtue of being the sole shareholder of MSREF Real Estate Advisor Inc (5.01%) (14,522,280) voting rights) by virtue of being the sole shareholder of MSREF VI Inc (5.01%) (14,522,280 voting rights) by virtue of being the sole shareholder of MSREF VI LLC (5.01%) (14,522,280 voting rights) by virtue of being the sole shareholder of MSREF VI International-GP LLC as general partner of the series of real estate private equity funds that is manages ("MSREF VI") (5.01%) (14,522,280 voting rights) by virtue of being the shareholders of Nelly Holdings Limited (5.02%) (14,522,280 voting rights). 

Proxy Voting:

10. Name of proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

14 Contact name:

Stuart Haydon

15. Contact telephone number:

+44 (0) 207 887 1000