Directorate Change

Capital & Regional plc
28 July 2006


                                                                    28 July 2006

                              CAPITAL & REGIONAL PLC:

                                   BOARD CHANGE


Capital & Regional plc, the co-investing property asset manager, is pleased to
announce the appointment of Philip Newton as a non-executive director with
effect from 28 July 2006.

Philip Newton, is the former chief executive of Merchant Retail Group plc.
Under his leadership Merchant Retail developed The Perfume Shop into one of the
UK's most successful specialist retailers, with over 130 shops.  It was acquired
by Hutchison Whampoa in 2005.  During his career, he has had extensive
experience across a range of retailing businesses as well as an active
involvement in the commercial property market.

Tom Chandos, chairman of Capital & Regional, said:  "Philip Newton's successful
record in both the retail and property businesses makes him a valued addition to
the Capital & Regional board.  His entrepreneurial approach will be challenging 
and stimulating for our team and we are delighted that he has agreed to join the
board".

The Company confirms that there is no other information to be disclosed under
the requirements of Listing Rule 9.6.13 in relation to this appointment.


                                    - ENDS -

For further information:

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

Hudson Sandler
Michael Sandler                       Tel:  [phone]


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