TR-1: Standard form for notification of major holdings 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") TR-1: STANDARD FORM FOR NOTIFICATION OF MAJOR HOLDINGS 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 X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Details of person subject to the notification obligation Name Hero Nominees Limited City and country of registered office (if applicable) St Peter Port, Guernsey 4. Full name of shareholder(s) (if different from 3.) Name City and country of registered office (if applicable) 5. Date on which the threshold was crossed or 12 December 2018 reached: 6. Date on which issuer notified (DD/MM/YYYY): 4 February 2019 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights through financial Total number of attached to shares instruments Total of both in % voting rights of (total of 8. A) (total of 8.B 1 + 8.B 2) (8.A + 8.B) issuer Resulting situation on the date on which 5.6714% - 5.6714% 41,196,548 threshold was crossed or reached Position of previous notification (if applicable) N/A N/A N/A 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached A: Voting rights attached to shares Class/type of Number of voting rights % of voting rights shares Indirect Indirect ISIN code (if possible) Direct (Art 10 of Direct (Art 10 of (Art 9 of Directive Directive (Art 9 of Directive Directive 2004/109/EC) 2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1) GB0001741544 40,876,548 320,000 5.6273% 0.0440% SUBTOTAL 8. A 41,196,548 5.6714% B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Number of voting rights that may be acquired if the Type of financial in- Expiration Exercise/ instrument is strument date Conversion Period exercised/converted. % of voting rights 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)) Exercise/ Type of financial Expiration Physical or cash Number of Conversion % of voting rights instrument date settlement voting rights Period SUBTOTAL 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 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 (please add additional rows as necessary) % of voting rights % of voting rights if through financial Total of both if it it equals or is higher instruments if it equals equals or is higher than the or is higher than the than the notifiable Name notifiable threshold notifiable threshold threshold Hero Nominees Limited 5.6273% 5.6273% Louis Peens 0.0027% 0.0027% Silke Peens 0.0413% 0.0413% 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 Place of completion Ballito, South Africa Date of completion 4 February 2019 7 February 2019 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: 07/02/2019 12:30:00 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.