Director Shareholding

Capital & Regional plc
26 May 2004


NOTIFICATION OF INTEREST UNDER SECTION 324 OF THE COMPANIES ACT 1985

The Company has on 25 May 2004 received notification under Section  324 of the
Companies Act 1985 of the following Director's interests in Capital & Regional
plc:


Registered Holder          Beneficial Holder             Shareholding

Vidacos Nominees           Hans Mautner                  25,906



Hans Mautner held 25,646 shares prior to his appointment to the board on 27 July
2003; and subsequently acquired 260 shares on 10 October 2003.


END


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