Holding in Company

Capital & Regional PLC
10 December 2001



NOTIFICATION OF INTEREST DISCLOSURE PURSUANT TO SECTION 198 COMPANIES ACT 1985

On 10th December 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             2,716,743

Pincus Pension Plan             Vidacos Nominees Limited       50,520
                                A/c Bear

Brian & Hannah Smouha           Vidacos Nominees Limited       101,040
                                A/c Bear

Tarragona Investment Group Ltd  Hanover Nominees Limited       4,810,045
                                A/C Lehman Brothers

Martin E Franklin               Vidacos Nominees Ltd           40,921



The total holding of Starlight Investments Ltd and its associates is 7,944,269
ordinary shares representing 10.07% of the issued share capital. Their holding
has increased from 9.86% to 10.07%.

END