Tender Offer

Capital & Regional PLC
18 April 2002



Capital & Regional plc ("the Company") announces that the special resolution
proposed at the Extraordinary General Meeting held at 10.00am today, 18 April
2002, was duly passed with 99.99 per cent of shareholders who voted voting in
favour of the resolution. The Company has accordingly been given authority to
purchase up to 17,543,859 Ordinary shares, representing approximately 22.1 per
cent of the Company's issued ordinary share capital, pursuant to its Tender
Offer.

The latest time and date for receipt of Tender Forms is 3pm tomorrow, 19 April
2002. The result of the Tender Offer will be announced on Monday, 22 April 2002.

Enquires: Falguni Desai, Company Secretary, Capital & Regional plc: 020 7932
8000

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