Director Shareholding

Capital & Regional plc
21 June 2004



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 Holder   Number of               Purchase price per  Revised Beneficial   Date of Purchase
                    SharesPurchased         share               Holding


Xavier Pullen       9,214                   502p                1,081,480            18/6/04
Kenneth Ford        22                      502p                382,023              18/6/04



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 Final Dividend on 18th June 2004.



END




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