Director Declaration

Capital & Regional plc
06 December 2007









                                                                 6 December 2007


                              CAPITAL & REGIONAL PLC:

                                   SUCCESSION


The Board of Capital & Regional plc, the co-investing property asset manager
announces that Martin Barber, CEO, has indicated that he intends to retire on
his 65th birthday which is 3 August 2009.


The Board has agreed with Martin that the steps to select a successor should now
begin so that the best possible appointment can be made to lead the company
through the next stage of its development.


Martin Barber, Chief Executive, said "Although my birthday is 20 months away, I
feel that the company needs to start considering the next 28 years.  This
enables the company to have plenty of time to find my replacement.  I look
forward to working with the Board to establish Capital & Regional's position for
the long term".


Tom Chandos, Chairman, said "We have agreed with Martin that in light of his
wishes, we should start a timely process of selecting his successor".


Notes to editors:


About Capital & Regional plc

Capital & Regional is the co-investing asset manager which specialises in town
centre shopping centres, out of town retail parks, and urban entertainment
complexes.

Capital & Regional founded the Mall and Junction Funds in conjunction with
Morley Fund Management.  It also founded the X-Leisure fund with Hermes
Investment Management Limited, and has a number of other joint ventures and
developments.  Its shares are quoted on the London Stock Exchange.  For further
information see www.capreg.com




                                    - ENDS -

For further information:

Capital & Regional:
Martin Barber, Chief Executive                 Tel.  [phone]
Tom Chandos, Chairman                          Tel:  [phone]

Maitland
Emma Burdett                                   Tel:  [phone]
Martin Leeburn                                 Tel:  [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange