Directorate Change

Capital & Regional PLC
02 June 2003


                                                                     2 June 2003


                            CAPITAL & REGIONAL PLC

                      RETIREMENT OF NON-EXECUTIVE DIRECTOR


As announced in the 2002 preliminary results, Martin Gruselle, a non-executive
director, retired from the Board on Friday 30 May 2003 after 14 years of
service.



Capital & Regional would like to thank Martin for his enormous contribution to
the Group over the past 14 years and extend its warmest wishes to him for the
future.



                                    - ENDS -





For further information:



Capital & Regional plc
Martin Barber, Chief Executive           Tel:  [phone]



Hudson Sandler
Michael Sandler / Wendy Baker            Tel:  [phone]




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