Holding in Company

Capital & Regional PLC
18 September 2001


NOTIFICATION OF INTEREST DISCLOSURE PURSUANT TO SECTION 198 COMPANIES ACT 1985

On 18th September 2001, the Company received notification of the following
interests in ordinary shares of 10p each in Capital & Regional plc:

Beneficial Holder        Registered Holder                        No. of Shares

Starlight Investments    Starlight Investments Ltd                225,000
Ltd

Dawney Day Properties    Chase Nominees Ltd                       2,469,823
Ltd

Pincus Pension Plan      Vidacos Nominees Limited A/c Bear        50,000

Brian & Hannah Smouha    Vidacos Nominees Limited A/c Bear        100,000

Tarragona Investment     Chase Nominees Limited A/C Lehman        2,792,710
                         Brothers
Group Ltd

Martin E Franklin        Vidacos Nominees Ltd A/c Bear            40,500

The total holding of Starlight Investments Ltd and its associates is 5,678,033
ordinary shares representing

7.2% of the issued share capital. Their holding has increased from 6.85% to
7.2%.

END