Director Shareholding CAPITAL & REGIONAL PLC (Incorporated in the United Kingdom) (UK company number 01399411) LSE share code: CAL JSE share code: CRP LEI: 21380097W74N9OYF5Z25 ISIN: GB0001741544 (“Capital & Regional” or “the Company” or “the Group”) DIRECTOR SHAREHOLDING The Company has been notified of the following transactions in its ordinary shares of £0.01 each (“Shares”) by Directors of the Company. On 16 August 2017 share awards that were made on 16 August 2013 under the Company’s 2008 Long Term Incentive Plan (“LTIP”) became available to exercise after the performance conditions had been satisfied and following the conclusion of a one year holding period. The total number of options exercised by Directors of the Company under the LTIP is shown in the table below: Name of Director Role Number of LTIP Number of Number of Shares options exercised Shares sold retained Hugh Scott-Barrett Chairman 1,909,543 899,284 1,010,259 Charles Staveley Group Finance Director 1,002,509 472,124 530,385 For all of the transactions in the above tables the options were exercised on 16 August 2017 at nil cost. The sale of Shares took place on 17 August 2017 at an average price of 54.62 pence per share in order to satisfy the tax liability crystallising as a result of exercise of the options. Following the above transactions, the total beneficial shareholdings of the Directors in the Company are as follows: Name of Director Role Interest in Shares Total Shares Total Shares held post prior to following transactions as a % of transactions transactions total voting rights Hugh Scott-Barrett Chairman 2,240,000 3,250,259 0.46% Charles Staveley Group Finance Director 560,475 1,090,860 0.15% This notification is made in accordance with the requirements of the EU Market Abuse Regulation. 18 August 2017 JSE sponsor Java Capital Notes to editors: About Capital & Regional plc Capital & Regional is a UK focused retail property REIT specialising in shopping centres that dominate their catchment, serving the non-discretionary and value orientated needs of the local communities. It has a strong track record of delivering value enhancing retail and leisure asset management opportunities across a c. £1 billion portfolio of in-town 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, Hemel Hempstead, Ilford, Luton, Maidstone, Walthamstow and Wood Green. It also has a 20% joint venture interest in the Kingfisher Centre in Redditch. Capital & Regional manages these assets through its in-house expert property and asset management platform. For further information see capreg.com. Date: 18/08/2017 01:30:00 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.