Notification of Interest

Capital & Regional plc
19 October 2004


NOTIFICATION OF INTEREST UNDER SECTION 324 OF THE COMPANIES ACT 1989


The Company has today received notification, under Section 324 of the Companies
Act 1989, of the following Directors' interests in ordinary shares of 10p each
in Capital & Regional plc:


Beneficial Holder        Number of Shares   Purchase price per   Revised Beneficial     Date of Purchase
                                Purchased                share              Holding
Xavier Pullen                       8,511                 549p            1,089,991      15 October 2004
Kenneth Ford                           20                 549p              382,043      15 October 2004


These shares have been purchased as a result of the above directors
participating in the Capital & Regional Dividend Reinvestment Plan following the
distribution of the Company's Interim Dividend on 15 October 2004.






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