Capital & Regional Regulatory News (CAL)

11 January 2013

Capital & Regional plc

Quarterly Mall Fund Valuation

Capital & Regional plc ('C&R') today announces that the Mall property valuations and unit values as at 31 December 2012 were as follows:

1 The underlying valuation change shows the like for like increase / (decrease) in the value of the portfolio in the quarter as a percentage of the value of the portfolio at the beginning of the period.

2 At 31 December 2012 Capital & Regional owned 190,005,537 units in The Mall fund.

Commenting on the valuations Hugh Scott-Barrett said:

"A number of asset management initiatives have increased valued income during the quarter offsetting a slight softening in yields outside London and the South East. Valuations have therefore remained broadly stable."

Further details and an update on current trading conditions will be provided in the Group's preliminary results announcement which will be issued on 13 March 2013.

- ENDS -

For further information:

Capital & Regional:

Hugh Scott-Barrett, Chief Executive Tel: 020 7932 8000

Charles Staveley, Group Finance Director Tel: 020 7932 8000

Maitland:

Martin Leeburn / Emma Burdett Tel: 020 7379 5151

Capital & Regional is a specialist property company with a track record of developing asset management opportunities in town centre shopping centres and out of town retail parks.

Capital & Regional founded The Mall Fund in conjunction with Aviva Investors. Capital & Regional acts as Property and Asset Manager for the Mall and holds 20.1% of the Fund.

Capital & Regional & AREA Property Partners each hold a 50% interest in a German retail property portfolio which is managed by Garigal Asset Management GmbH, in which Capital & Regional holds a 30% interest.

Capital & Regional has a number of other joint ventures and wholly-owned properties.

For further information see www.capreg.com