Completion of Mall Fund

Capital & Regional PLC
1 March 2002


CAPITAL & REGIONAL AND MORLEY FORM A £670 MILLION SHOPPING CENTRE PARTNERSHIP

Capital & Regional has on 28 February 2002, as anticipated, completed the
creation of the Mall Fund, a £670 million shopping centre fund with Morley Fund
Management.


Enquiries: Andrew Hayes, Hudson Sandler Ltd


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