Holding in Company

Capital & Regional PLC
25 April 2001

NOTIFICATION OF INTEREST UNDER SECTION 198 COMPANIES ACT 1985

On 24th April 2001, the Company received notification of the following
interests in

Ordinary shares of 10p each in Capital & Regional plc:


Beneficial  Registered Holder                              No. of  %
Holder                                                     shares  Shareholding

Royal & Sun Littledown Nominees
Alliance
            Limited 'R' a/c for Phoenix Assurance Public
            Limited Company                                402,281

                                                           
            Littledown Nominees Limited 'R' a/c for Royal
            & Sun Alliance Insurance Plc No. 1 a/c         854,461

                                                           
            Littledown Nominees Limited 'R' a/c for Royal
            Insurance Group Pension Scheme (UK Equities)   355,334



                                                           
            Littledown Nominees Limited 'R' a/c for Royal
            & Sun Alliance Assurance Company Limited       1,914,608



                                                           
            Littledown Nominees Limited 'R' a/c for Sun
            Alliance & London Assurance Company Limited   906,283



                                                           
            Littledown Nominees Limited 'R' a/c for SAL
            Pension Fund Limited                           560,948

                                                           
            Royal Heritage Life Assurance Limited          5,729

TOTAL                                                      4,999,644 6.00

Royal & Sun Alliance's holding has increased from 5.09% to 6.00% due to the
recent decrease to the number of shares in issue.

ENDS