Holding(s) in Company

Capital & Regional PLC
2 July 2002

NOTIFICATION OF INTEREST UNDER SECTION 198 COMPANIES ACT 1985

On 1st July 2002, the Company received notification that, as a result of the
acquisition by Friends Ivory and Sime plc of Royal & Sun Alliance Investments,
Friends Ivory & Sime plc is interested in the following Ordinary Shares of 10p
each in Capital & Regional plc:


Beneficial Holder                   Registered Holder                             No. of Shares         % Shareholding

Friends Ivory & Sime plc            Citifriends                                          89,420

                                    FISMPF UK Small Co.
                                    Citifriends                                         131,671

                                    FISMPF Stewardship
                                    HSBC GS Nominees Ltd.                               918,040

                                    FPCP Stewardship
                                    Citifriends                                          23,017

                                    FP Equity Trust
                                    Citifriends                                         891,049

                                    FIS UK Mid/Small Co.
                                    Citifriends                                         947,416

                                    FP Stewardship Trust
                                    Citifriends                                          27,230

                                    FP UK Growth Trust
                                    Citifriends                                          69,237

                                    ISIS ICVC UK Smaller Markets
                                    Littledown Nominees Ltd.                            252,228

                                    Phoenix Life UK Equities
                                    Littledown Nominees Ltd.

                                    Royal Insurance Plc 1 UK Equities                   535,742
                                    Littledown Nominees Ltd.                            222,793

                                    RIGPS UK Equities
                                    Littledown Nominees Ltd.

                                    RSA Life & Pensions UK Equities                   1,200,447
                                    Littledown Nominees Ltd.                            568,234

                                    SALAC UK Equities
                                    Littledown Nominees Ltd.                            351,711

                                    SAL Pension Scheme
                                    Chase Nominees Ltd.                                  15,334

                                    RSA FTSE All Share Tracker
TOTAL                                                                                 6,243,659                 10.12%



As the ultimate parent company of Friends Ivory & Sime plc, Friends Provident
plc is also interested in the Shares referred to above.


This notice supersedes all previous notifications given by Friends Ivory & Sime
and Royal & Sun Alliance Investments.

ENDS


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