Director Shareholding

Capital & Regional PLC
17 July 2003

NOTIFICATION OF INTEREST UNDER SECTION 324 OF THE COMPANIES ACT 1989

The Company has today received notification, under Section 324 of the Companies
Act 1989 of the following Director's interests in Capital & Regional plc:


6.75% Convertible Subordinated Unsecured Loan Stock

Beneficial Holder       Nominal Value of     Sale Price          Date Sold         Revised Beneficial Holding
                        Stock Sold

Viscount Chandos
(Self Administered
Pension Scheme)         £10,000              £1.76               17 July 2003      £5,000
                       


Viscount Chandos is a Non-Executive Director and the Chairman of Capital &
Regional plc.



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