Directors' Interest

Capital & Regional plc
30 March 2004


Directors' Interest


The independent trustee of the Capital & Regional plc Employee Share Ownership
Trust has on 29 March 2004 purchased 120,411 ordinary shares at a price of £4.82
per ordinary share and on 30 March 2004 purchased 309,000 ordinary shares at a
price of £5.00 per ordinary share to hold the shares for delivery to the
participants eligible to participate in the Company's Long Term Incentive Plan.

Following the transactions, the independent trustee holds a total of 1,453,411
ordinary shares.

The following executive directors, together with other employees, are potential
beneficiaries and are therefore treated as having interest: Mr. M. Barber, Mr.
X. Pullen, Mr. W. Sunnucks, Mr. K. Ford, Mr. A. Lewis-Pratt and Mr. PY Gerbeau.

- ENDS -


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