Director Shareholding

Capital & Regional plc
20 October 2003









 NOTIFICATION  OF  INTEREST  UNDER  SECTION  324  OF  THE  COMPANIES  ACT  1989



 The Company has today received notification, under Section 324 of the Companies
Act 1989, of the  following Directors' interests  in ordinary shares of 10p each
in Capital & Regional    plc :



Beneficial      Number of      Purchase price       Revised         Date of
Holder          Shares         per share            Beneficial      Purchase
                Purchased                           Holding

Xavier Pullen    7876               388p             917421         17/10/03

Kenneth Ford       22               388p             382001         17/10/03



These shares have been purchased as a result of the above directors
participating in the Capital & Regional plc Dividend Reinvestment Plan following
the distribution of the Company's Interim  Dividend on 17th October 2003.





END


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