Capital & Regional Regulatory News (CAL)

26 October 2016

Capital & Regional plc

("Capital & Regional" or the "Company" or "Group")

Scrip Dividend Shares

Shareholders are advised that the 1,589,874 new ordinary shares to be issued in relation to the Company's scrip dividend scheme, as previously confirmed in the announcement of 17 October 2016, are due to be listed on the London Stock Exchange and Johannesburg Stock Exchange on 28 October 2016. The relevant posting of share certificates and crediting of CREST, CSDP or broker accounts will also take place on that day.

Following the issue of the new shares, the total number of shares in issue and voting rights in Capital & Regional will be 702,342,500.

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For further information:

Notes to editors:

About Capital & Regional plc

Capital & Regional is a UK focused specialist property REIT with a strong track record of delivering value enhancing retail and leisure asset management opportunities across a c. £1 billion portfolio of in-town dominant community shopping centres. Capital & Regional is listed on the main market of the London Stock Exchange and has a secondary listing on the Johannesburg Stock Exchange.

Capital & Regional owns seven shopping centres in Blackburn, Camberley, Hemel Hempstead, Luton, Maidstone, Walthamstow and Wood Green. It also has a 20% joint venture interest in the Kingfisher Centre in Redditch and a 50% joint venture in the Buttermarket Centre, Ipswich. Capital & Regional manages these assets, which comprise over 950 retail units and attract over 1.7 million shopping visits each week, through its in-house expert property and asset management platform.

For further information see www.capreg.com.