Issue of LTIP Awards CAPITAL & REGIONAL PLC (Incorporated in the United Kingdom) (UK company number 01399411) LSE share code: CAL JSE share code: CRP ISIN: GB0001741544 (“Capital & Regional” or “the Company”) ISSUE OF LTIP AWARDS Capital & Regional announces that on 23 August 2016, Zedra Trust Company (Guernsey) Limited, the trustee of the Capital & Regional plc Employee Ownership Trust 2002 (the "Trustee") granted the following share awards of ordinary shares of £0.01 under The Capital & Regional plc 2008 Long Term Incentive Plan (“LTIP”) to the following Directors of the Company: Hugh Scott-Barrett 1,054,285 Ken Ford 647,945 Charles Staveley 615,000 Mark Bourgeois 505,514 The exercise price for the awards granted is a maximum of 1 pence per share. Performance conditions measured over a three year period will determine the extent to which the awards will vest. Further detail on the performance conditions is provided on pages 57-59 of the Company’s Annual Report and Accounts for the year ended 30 December 2015. A holding period applies such that, in normal circumstances, awards must be held for two years following the end of the performance period. Malus and clawback provisions apply. Awards were also made to approximately 50 members of staff. 23 August 2016 JSE sponsor Java Capital Notes to editors: About Capital & Regional plc Capital & Regional is a UK focused specialist property REIT with a strong track record of delivering value enhancing retail and leisure asset management opportunities across a c. GBP 1 billion portfolio of in-town dominant community shopping centres. Capital & Regional is listed on the main market of the London Stock Exchange and has a secondary listing on the Johannesburg Stock Exchange. Capital & Regional owns seven shopping centres in Blackburn, Camberley, Hemel Hempstead, Luton, Maidstone, Walthamstow and Wood Green. It also has a 20% joint venture interest in the Kingfisher Centre in Redditch and a 50% joint venture in the Buttermarket Centre, Ipswich. Capital & Regional manages these assets, which comprise over 950 retail units and attract over 1.7 million shopping visits each week, through its in-house expert property and asset management platform. For further information see www.capreg.com. Date: 23/08/2016 05:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.