Fund Valuations

Capital & Regional plc
13 November 2007


                                                                13 November 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 October 2007 were as 
follows:


                     Valuation        Unit         Unit  Underlying   Change in        Units         C&R        Unit
                            of    value at     value at   valuation  unit value        owned  percentage    value at
                    properties  31 October  31 December    change %    (geared)       by C&R     of fund  31 October
                                      2007         2006         (1)         (2)                                 2007
                                                                                                          (incl MTM)
                                                                                                                 (3)

Mall Fund       £3,168,387,240     £2.3442      £2.4883      (2.4)%      (5.8)%  157,742,057       24.2%     £2.4000

Junction Fund   £1,394,421,981     £2.4106      £2.8481      (8.3)%     (15.4)%   85,000,000       27.3%     £2.4809

X-Leisure Fund    £982,200,000     £1.8228      £1.7586        3.0%        3.7%   51,949,578       19.4%

Notes:

(1) The underlying valuation change shows the increase/(decrease) in the value
of the portfolio as a percentage of opening value adjusted for additions and
disposals, over the ten months.

(2) The change in unit value reflects the movement in the capital value
(excluding the impact of debt mark to market adjustments) of the fund over the
ten months. In addition investors benefit from quarterly distributions of net
income and periodic capital distributions.

Capital distributions to fund unit holders reduce the unit price. In the year
Mall unit holders have received capital distributions of £0.04 per unit,
Junction unit holders have received £0.03 per unit and X-Leisure unit holders
have received £0.005 per unit.

(3) MTM - mark to market unit value including the surplus on revaluation of
interest rate swaps and fixed interest debt.


                                    - 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]





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