Commentary & Deal Flow

Final Books £820m+. Peak book in excess of £1.1bn (pre-rec)

Launched: 7yr: £250m @ G+107bp - Books in excess of £875m (at tight end of guidance, pre-rec)
Spread set at: 7yr: G+107bp - Books in excess of £875m (at tight end of guidance, pre-rec)
Guidance: 7yr: G+110a +/- 3bp WPIR - Books in excess of £1.1bn
IPTs: 7yr: G+125/130bp

• Issuer: Hammerson PLC (Ticker: "HMSOLN", Country: GB)
• Issuer LEI: 213800G1C9KKVVDN1A60
• Issuer Ratings: Baa1 (stable) / A- (stable) (Moody's / Fitch)
• Expected Note Ratings: Baa1 / A- (Moody's / Fitch)
• Format: Reg S, Bearer, Cat 2, TEFRA D, NGN
• Ranking: Senior, Unsecured
• Settlement: 08-Sep-26 (T+5)
• Maturity: 08-Jun-33 (Short 7-year)
• Size: £250m
• Reference Benchmark: UKT 4.125% 7-Mar-33 / HR 103%
• Hedge Deadline: 15.25 UKT
• Call Options: 3-month par call, MWC
• Put Options: Change of Control Put (Restructuring Event) at Par applicable, as per the Programme
• Covenants: Consolidated Net Borrowings ≤ 1.75x Adjusted Capital and Reserves Secured Borrowings ≤ 0.5x Adjusted Capital and Reserves (subject to certain deductions and exceptions) Both as more fully described in the Programme
• Denominations: £100k+£1k
• ISIN: XS3489989866
• Coupon: Fixed, Annual, Short First, ACT/ACT (ICMA)
• Documentation: Under the Issuer's £5,000,000,000 EMTN Programme dated 24-Apr-26, as supplemented
• Selling Restrictions: Yes (US: RegS, Cat 2, TEFRA D; UK; EEA)
• Use of Proceeds: General Corporate Purposes, including the potential repayment of existing indebtedness
• Target Market: MiFID II and UK MiFIR professionals & ECPs-only. Manufacturer target market (MiFID II product governance and UK MiFIR product governance rules) is eligible counterparties and professional investors only (all distribution channels). No EU PRIIPs Regulation key information document or DISC/CCI Regulations disclosure document has been prepared as the Notes are not available to retail investors in the EEA or the UK
• Active Bookrunners: Barclays, ICBC, Lloyds, MUFG
• B&D: Barclays
• Clearing: Euroclear / Clearstream, Luxembourg
• Stabilisation: ICMA Standard
• Marketing: URL: https://dealroadshow.finsight.com Entry Code: HMSOLN26 Direct Link: https://dealroadshow.finsight.com/e/HMSOLN26
• Advertisement: The Base Prospectus, along with the Final Terms, once published, will be available at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism