Fund Valuations

Capital & Regional plc
08 April 2008




                                                                    8 April 2008



                           CAPITAL & REGIONAL PLC:
               VALUATION OF MALL, JUNCTION AND X-LEISURE FUNDS


Capital & Regional plc, the co-investing property asset manager, today announced
that the unit values of the Mall Limited Partnership, the Junction Limited
Partnership and the X-Leisure Limited Partnership as at 31 March 2008 were as
follows:




               Valuation of   Unit value Unit value at   Underlying  Change in   Units owned          C&R
                 properties           at   31 December    valuation unit value        by C&R   percentage
                                31 March          2007  change  YTD   (geared)                    of fund
                                    2008                                   YTD
                                                                (1)        (2)

Mall Fund    £2,887,039,310      £1.8567       £2.0642       (4.5)%    (10.1)%   157,742,057        24.2%

Junction     £1,099,510,203      £1.6514       £1.8704       (5.5)%    (11.7)%    85,000,000        27.3%
Fund

X-Leisure      £922,700,000      £1.5855       £1.6775       (2.7)%     (5.5)%    51,899,578        19.4%
Fund





Notes:

(1) The underlying valuation change shows the increase/(decrease) in the
    value of the portfolio as a percentage of opening value adjusted for 
    additions and disposals, over the three months.

(2) The change in unit value reflects the movement in the capital value
    (excluding the impact of debt mark to market adjustments) of the fund over 
    the three months.  Investors separately benefit from quarterly distributions 
    of net income and periodic capital distributions.



                                    - ENDS -



For further information:

Capital & Regional:
William Sunnucks, Group Finance Director         Tel:  [phone]


Maitland
Martin Leeburn                                   Tel:  [phone]
Emma Burdett                                     Tel:  [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange