TR-1: Notification of major holdings CAPITAL & REGIONAL PLC (Incorporated in the United Kingdom) (UK company number 01399411) LSE share code: CAL JSE share code: CRP ISIN: GB0001741544 TR-1: NOTIFICATION OF MAJOR HOLDINGS NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)(i) 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are CAPITAL & REGIONAL PLC attached: 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights An acquisition or disposal of financial instruments X An event changing the breakdown of voting rights Other (please specify)(iii): 3. Details of person subject to the notification obligation (iv) Bank of Montreal Name City and country of registered office (if applicable) Montreal, Canada 4. Full name of shareholder(s) (if different from 3.)(v) Name City and country of registered office (if applicable) 5. Date on which the threshold was crossed or reached(vi): 13th July 2017 6. Date on which issuer notified (DD/MM/YYYY): 14th July 2017 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights through financial Total of both in % Total number of attached to shares instruments (8.A + 8.B) voting rights of (total of 8. A) (total of 8.B 1 + 8.B 2) issuerv(ii) Resulting situation on the date on which 2.81% 2.19% 5.00% 708,477,735 threshold was crossed or reached Position of previous notification (if N/A N/A N/A applicable) 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached (viii) A: Voting rights attached to shares Class/type of shares Number of voting rights(ix) % of voting rights ISIN code (if possible) Direct Indirect Direct Indirect (Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive 2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC) (DTR5.1) (DTR5.2.1) (DTR5.2.1) GB0001741544 - 19,947,607 - 2.81% SUBTOTAL 8. A 19,947,607 2.81% B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Number of voting rights Type of financial Expiration Exercise/ that may be acquired if the instrument date(x) Conversion Period(xi) instrument is % of voting rights exercised/converted. SUBTOTAL 8. B 1 B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) Type of financial Expiration Exercise/ Physical or cash Number of % voting rights instrument date(x) Conversion settlement(xii) voting rights CFD - - - 15,518,944 2.19% SUBTOTAL 15,518,944 2.19% 8.B.2 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (xiii) Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (xiv) (please add x additional rows as necessary) % of voting rights through % of voting rights if it financial instruments if it Total of both if it equals or equals or is higher than the equals or is higher than the is higher than the notifiable Name(XV) notifiable threshold notifiable threshold threshold Bank of Montreal - - - BMO Global Asset Manage- - - - ment Limited F&C Asset Management plc - - - F&C Treasury Limited - - - WAM Holdings Limited - - - F&C Managers Limited - - - Bank of Montreal - - - BMO Global Asset Manage- - - - ment Limited F&C Asset Management plc - - - F&C Group (Holdings) - - - Limited F&C Group Management - - - Limited F&C Holdings Limited - - - F&C Management Limited - - - Bank of Montreal - - - BMO Global Asset Manage- - - - ment Limited F&C Asset Management plc - - - Thames River Capital Group - - - Limited Thames River Capital Hold- - - - ings Limited Thames River Capital (UK) - - - Limited Thames River Capital LLP - - - Bank of Montreal - - - BMO Global Asset Manage- - - - ment Limited F&C Asset Management plc - - - F&C Treasury Limited - - - WAM Holdings Limited - - - F&C Fund Management - - - Limited 10. In case of proxy voting, please identify: Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional information(xvi) Place of completion London Date of completion 14th July 2017 17 July 2017 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. £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 six Mall shopping centres in Blackburn, Camberley, 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 900 retail units and attract c. 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: 17/07/2017 02:30:00 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.