Director/PDMR Shareholding

Capital & Regional plc
24 April 2007


                 Capital & Regional plc - Directors' Interests                  


Capital & Regional plc announces that on 23 April 2007 the Company's
remuneration committee made conditional share awards in accordance with its Long
Term Incentive Plan. The executive directors, together with other employees, are
potential beneficiaries and are therefore treated as having an interest.

The number of shares conditionally awarded is 200,794, equivalent to 0.28% of
the company's share capital. The shares will vest in 2010 if the performance
conditions laid out in the rules of the scheme are met.

The maximum number of shares which could be received by each director is: M
Barber (20,500), X Pullen (17,489), K Ford (16,816), W Sunnucks (13,453) and PY
Gerbeau (16,816). A further 115,720 could be received by key executives who are
not board members.


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Falguni Desai, Company Secretary     Tel: [phone]



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