Directorate Change

28 August 2012

CAPITAL & REGIONAL PLC :

RETIREMENT OF NON-EXECUTIVE DIRECTOR

Capital & Regional plc announces that Manjit Wolstenholme will step down from the Board on 31 August 2012 when she will have completed six years on the Board.

John Clare said:

"On behalf of the Board I would like to thank Manjit for her significant contribution as both a Director of Capital & Regional and as Chairman of the Audit Committee over the last six years. She has provided key advice during the financial restructuring of the company and moves on at a time when the company is well positioned to develop as a specialist retail property company. We all wish her well for the future."

Manjit Wolstenholme said:

"I have enjoyed my six years at Capital & Regional. After a challenging time for the Company, it is now well set for the next phase of its development."

-ENDS-

For further information:

Capital & Regional:

Hugh Scott-Barrett, Chief Executive Tel: 0207 932 8121

Maitland:

Martin Leeburn Tel: 0207 397 5151

Emma Burdett Tel: 0207 397 5151