Fund Valuations

Capital & Regional plc
13 February 2007



                                                                13 February 2007


                            CAPITAL & REGIONAL PLC:
             VALUATION OF MALL, JUNCTION AND X-LEISURE FUNDS

Capital & Regional plc, the co-investing property asset manager, today announced
that the unit values of the Mall Limited Partnership, the Junction Limited
Partnership and the X-Leisure Limited Partnership as at 31 January 2007 were as
follows:

               Valuation of   Unit value at    Unit value at  Underlying  Growth in   Units owned         C&R
                 properties      31 January 31 December 2006   valuation unit value        by C&R  percentage
                                                                change %   (geared)                   of fund
                                       2007
Mall Fund    £3,149,736,976         £2.5038          £2.4883        0.2%       0.6%   157,742,057       24.2%

Junction     £1,589,834,754         £2.8331          £2.8481        0.0%     (0.5)%    85,000,000       27.3%
Fund

X-Leisure      £723,200,000         £1.7634          £1.7586        0.2%       0.3%    22,846,559       10.6%
Fund



Notes:

The underlying valuation change shows the increase in the value of the portfolio
as a percentage of opening value adjusted for additions and disposals, over the
month.

The growth in unit value reflects growth in the capital value of the fund over
the month.  In addition investors benefit from quarterly distributions of net
income and periodic capital distributions.  The slight decrease in the unit
value of the Junction Limited Partnership is due to the alignment of the net
asset value estimate with the year end management accounts.


                                    - ENDS -

For further information:

Capital & Regional:

Martin Barber, Chief Executive                         Tel. [phone]
William Sunnucks, Group Finance Director               Tel. [phone]



Maitland

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


                      This information is provided by RNS
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