CAPITAL & REGIONAL PLC - Appointment of director

Appointment of director

CAPITAL & REGIONAL PLC
(Incorporated in the United Kingdom)
(UK company number 01399411)
LSE share code: CAL JSE share code: CRP
LEI: 21380097W74N9OYF5Z25
ISIN: GB00BL6XZ716
(“Capital & Regional” or “the Company” or “the Group”)


APPOINTMENT OF DIRECTOR


Capital & Regional, the UK convenience and community focused shopping centre REIT, is pleased to
announce the appointment of Panico Theocharides as a Non-Executive Director with effect from
22 February 2023. Panico replaces George Muchanya as one of Growthpoint’s nominees on the Board.
Panico has recently joined Growthpoint as Head of Investments.

Panico has over 20 years’ experience in the real estate investment industry, with much of this time focused
on the Johannesburg Stock Exchange (“JSE”) Listed Real Estate sector. For the last five years Panico has
worked as an independent property consultant. Prior to this he was Head of Property Advisory, Corporate
Finance at Investec in Johannesburg, South Africa, with overall responsibility for strategic direction and
client relationships for the property advisory team within corporate finance.

Panico was the Joint Chief Executive Officer of Annuity Properties Limited (“Annuity”). He helped found
and subsequently list the company on the JSE in May 2012, at which time it converted to a Real Estate
Investment Trust (“REIT”). Following the listing, Panico led Annuity’s growth strategy, building an
attractive portfolio of A-Grade retail and commercial assets, from four properties valued at R486m at the
time of listing to 20 properties valued in excess of R2 billion within an 18-month period. In 2014, Annuity
was successfully sold to Redefine Properties Limited.

Commenting on the appointment, David Hunter, Chairman of Capital & Regional, said: “We
welcome Panico Theocharides to our Board. He brings a wealth of complementary experiences and his
proven expertise in driving significant business growth will benefit Capital & Regional as we continue to
implement our strategy in order to deliver value for our shareholders. I would also like to take this
opportunity to thank George Muchanya for his invaluable contribution to the Company over the last three
years since his appointment alongside Growthpoint’s investment.”

Panico Theocharides commented: “Capital & Regional’s strategy of focusing on dominant urban
community shopping centres positions it well to both meet the needs of the local neighbourhoods it serves
and deliver returns for shareholders. I believe the Company is well placed to continue to take advantage of
changing retail habits and navigate the UK macro environment. I am therefore looking forward to joining
the Board of Capital & Regional and to working alongside the ambitious executive team to progress that
strategy and drive shareholder returns.”


20 February 2023


The above notification is made pursuant to Listing Rule 9.6.11R. There are no matters in respect of Panico
Theocharides requiring disclosure under Listing Rules 9.6.13(2) to 9.6.13(6) inclusive.

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 its portfolio of in-town shopping centres.

Using its in-house expert property and asset management platform Capital & Regional owns and / or
manages shopping centres in Hemel Hempstead, Ilford, Luton, Maidstone, Redditch, Walthamstow and
Wood Green.

Capital & Regional is listed on the main market of the London Stock Exchange (LSE) and has a secondary
listing on the Johannesburg Stock Exchange (JSE)

For further information see capreg.com/
Date: 20-02-2023 09:00:00
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