Director/PDMR Shareholding

Capital & Regional plc
28 December 2006


                                                                28 December 2006


                            CAPITAL & REGIONAL PLC:

                             DIRECTOR SHAREHOLDING


The Company has today received notification under Section 324 of the Companies
Act 1985 of the following Directors' interest in ordinary shares of 10p each in
the Company:

Name of director   Martin    Xavier    Kenneth   Andrew      William   PY
                   Barber    Pullen    Ford      Lewis-Pratt Sunnucks  Gerbeau

Holding in respect Holding   Holding   Holding   Holding in  Holding   Holding
of shareholder or  in        in        in        respect of  in        in
non-beneficial     respect   respect   respect   director    respect   respect
interest of spouse of        of        of                    of        of
or children        director  director  director              director  director

Name of registered Martin    Xavier    Kenneth   Andrew      William   PY
holder             Barber    Pullen    Ford      Lewis-Pratt Sunnucks  Gerbeau

Connected Person   No        No        No        No          No        No

Nature of          Exercise  Exercise  Exercise  Exercise of Exercise  Exercise
transaction        of LTIP   of LTIP   of LTIP   LTIP and    of LTIP   of LTIP
                   and part  and part  and part  part sale   and part  and part
                   sale of   sale of   sale of   of shares   sale of   sale of
                   shares    shares    shares                shares    shares

Number of shares   68,750    144,459   62,500    62,500      50,000    56,250
acquired

Percentage of      0.09%     0.20%     0.09%     0.09%       0.07%     0.08%
issued class

Number of shares   28,532    144,459   25,938    25,938      20,750    23,344
disposed

Percentage of      0.04%     0.20%     0.04%     0.04%       0.03%     0.03%
issued class

Class of security  Ordinary  Ordinary  Ordinary  Ordinary    Ordinary  Ordinary
                   10p       10p       10p       10p shares  10p       10p
                   shares    shares    shares                shares    shares

Price per share    £15.33    £15.33    £15.33    £15.33      £15.33    £15.33

Date of            28        28        28        28          28        28
transaction        December  December  December  December    December  December
                   2006      2006      2006      2006        2006      2006

Date of company    28        28        28        28          28        28
informed           December  December  December  December    December  December
                   2006      2006      2006      2006        2006      2006

Total shareholding 2,365,897 1,101,910 500,649   95,138      56,204    66,667
following this
notification

Total percentage   3.27%     1.52%     0.69%     0.13%       0.08%     0.09%
holding of issued
class following
this notification

These shares have been acquired following the vesting of awards made in 2003 and
2002 under the Capital & Regional plc Long Term Incentive Plan 2002.




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