Disposal

Capital & Regional plc
03 March 2006

                                                                    3 March 2006


                           CAPITAL & REGIONAL PLC:

                     THE MALL SELLS REDHILL AND BRADFORD


The Mall Fund, the Capital & Regional and Morley managed specialist shopping
centre fund, announces that it has sold two of the four centres acquired from
Prudential on satisfactory terms.  The centres, at Bradford and Redhill, are the
smallest of the four.  The remaining two, at Uxbridge and Luton, offer
significant potential for the Mall's active management approach.



                                    - ends -

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



About The Mall

The Mall is the leading owner and operator of community shopping centres in the
UK.  The Mall currently has assets of £2.79 billion in 23 shopping centres,
establishing The Mall as the UK's community shopping centre brand.  The Mall
Fund is a specialist property fund managed by Capital & Regional and Morley Fund
Management.

For further information see:   www.themall.co.uk



About Morley Fund Management

Morley Fund Management is the largest UK-based active fund manager, with total
funds under management of £155 billion.  It has offices in London, Melbourne,
Dublin, Warsaw, Boston, Milan and Madrid and employ more than 200 investment
professionals.   The property team manages in excess of £23 billion of UK and
European property assets, making Morley the largest property fund manager in
Europe.

Winners of the high profile Property Week Fund Manager of the Year Award 2004
and the UK Pensions Awards Property Fund Manager of the Year 2005, the team
consists of 70 investment professionals and manages a range of funds on behalf
of institutional, pension and retail clients.  Morley has been at the forefront
of innovation in property fund management and has launched eleven specialist
sector based funds with partners, including the Jersey-based Unit Trusts: Igloo
Regeneration Fund, Quercus Healthcare Property, The Junction and The Mall.


For further information see:  www.morleyproperty.com



                                    - ENDS -



For further information:
Capital & Regional:
Ken Ford, CEO The Mall                                       Tel.  [phone]

Redwood Consulting:
Paul Haines                                                  Tel:  [phone]
Liz D'Oliveira                                               Tel:  [phone]

gcg hudson sandler
Michael Sandler / James Benjamin                             Tel:  [phone]



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