Directorate Change

Capital & Regional plc
10 March 2008



                  CAPITAL & REGIONAL NAMES HUGH SCOTT-BARRETT
                             AS NEW CHIEF EXECUTIVE


Capital & Regional plc, the co-investing property asset manager, today announces
a change of Chief Executive, to take effect from 1 April 2008.

Hugh Scott-Barrett, who was a member of the management board of ABN AMRO from
2000 to 2007, most recently as chief financial officer, will take over the role
from Martin Barber, who has been Chief Executive since the company's founding.

This follows the company's announcement in December 2007 that Martin Barber had
indicated his intention to retire and that a process of selecting a successor
would begin.

"Hugh Scott-Barrett's deep experience in both investment banking and the
management of a major financial institution has given Capital & Regional the
opportunity to put in place the ideal leadership for the future", said Tom
Chandos, the chairman. "Martin Barber has made an extraordinary contribution to
the Company over the last thirty years and the board is very pleased to have
been able to ensure such a strong succession to him."

Hugh Scott-Barrett added: "I am excited to have this opportunity to lead an
entrepreneurial and dedicated management team and to take the Company, with all
its strengths, into a renewed phase of value creation."


                                    - ENDS -

For further information:

Capital & Regional:
Tom Chandos, Chairman                             Tel. [phone]

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


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

Hugh Scott-Barrett was Chief Financial Officer of ABN AMRO from January 2006 to
August 2007, having been Chief Operating Officer from November 2003 to January
2006. He had been appointed to the Managing Board of ABN AMRO in June 2000 in
the role of co-head of corporate and wholesale banking. While Hugh was COO and
CFO, he was responsible for all of ABN AMRO's own property, with transactions
worth over €3 billion in 2005 and 2006 being completed as part of the capital
management and space efficiency programmes.

He joined ABN AMRO in 1996 as Head of Corporate Finance in Europe before
becoming Global Head of Mergers & Acquisitions. He started his career in 1980 in
the Corporate Finance Department at Kleinwort Benson. In 1984 he joined Swiss
Bank Corporation (SBC), becoming Deputy Chief Executive of SBC's European
activities in 1994 and subsequently Managing Director Corporate Finance of SBC
Warburg.

He was educated at the Universite de Paris, Sorbonne, France, and Merton
College, Oxford, UK.




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