Fund Valuations

Capital & Regional plc
13 March 2007


                                                                   13 March 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 28 February 2007 were as
follows:

               Valuation of   Unit value at    Unit value at  Underlying   Growth in   Units owned         C&R
                 properties     28 February      31 December   valuation  unit value        by C&R  percentage
                                       2007             2006    change %    (geared)                   of fund
                                       
Mall Fund    £3,156,336,960         £2.4878          £2.4883        0.3%        0.0%   157,742,057       24.2%

Junction     £1,591,815,498         £2.8283          £2.8481        0.0%      (0.7)%    85,000,000       27.3%
Fund

X-Leisure      £917,050,000         £1.7645          £1.7586        0.3%        0.3%    51,949,578       20.0%
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
two months.



The growth in unit value reflects growth in the capital value of the fund over
the two months.  In addition investors benefit from quarterly distributions of
net income and periodic capital distributions.



The small reduction in unit value in the Mall fund is due to a capital
distribution in February to Mall Limited Partnership unit holders of £0.02 per
unit.



                                    - 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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