Holding in Company

Capital & Regional PLC
22 October 2001



NOTIFICATION OF INTEREST DISCLOSURE PURSUANT TO SECTION 198 COMPANIES ACT 1985

On 19th October 2001, the Company received notification of the following
interests in ordinary shares of 10p each in Capital & Regional plc:


Beneficial Holder           Registered Holder                 No. of Shares

Starlight Investments Ltd   Starlight Investments Ltd         225,000
Dawney Day Properties Ltd   Chase Nominees Ltd                2,680,057
Pincus Pension Plan         Vidacos Nominees Limited          50,000

                            A/c Bear
Brian & Hannah Smouha       Vidacos Nominees Limited          100,000

                            A/c Bear
Tarragona Investment        Hanover Nominees Limited          4,681,710

Group Ltd                   A/C Lehman Brothers
Martin E Franklin           Vidacos Nominees Ltd              40,500


The total holding of Starlight Investments Ltd and its associates is 7,777,267
ordinary shares representing 9.86% of the issued share capital. Their holding
has increased from 7.5% to 9.86%.

END