Director Shareholding

Capital & Regional PLC
27 December 2002


Capital & Regional plc - Directors Interests

The independent trustee of the Capital & Regional plc Employee Share Ownership
Trust notified the Company on 27th December 2002 that it has on 24th December
2002 purchased 20,000 ordinary shares at a price of £3.10 per ordinary share, to
hold the shares for delivery to the participants eligible to participate in the
Company's Long Term Incentive Plan.

Following the transaction, the independent trustee holds a total of 20,000
ordinary shares.

The following executive directors, together with other employees, are potential
beneficiaries and are therefore treated as having interest:  Mr M Barber, Mr X
Pullen, Mr W Sunnucks, Mr K Ford, Mr A Lewis-Pratt and Ms L Coral.


Ends

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