CAPITAL & REGIONAL PLC - Combined Incentive Plan award

Combined Incentive Plan award

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")


COMBINED INCENTIVE PLAN AWARD


Capital & Regional announces that on 2 May 2023, the Company completed grants of the following share
awards of ordinary shares of £0.10 per share as part of the 2022 Bonus Award under the Capital & Regional
plc Combined Incentive Plan to the following directors of the Company:

PARTICIPANT                                     NUMBER OF SHARES AWARDED
Lawrence Hutchings                              1,120,226
Stuart Wetherly                                 613,014

The awards were calculated with reference to the share price at the end of December 2022. The exercise
price for the awards granted is a maximum of £0.10 per share. Shares will vest in three equal tranches in
years three, four and five from grant and will be subject to the achievement of a relative Total Shareholder
Return underpin. Further detail on the performance conditions is provided on page 124 to 127 of the
Company's Annual Report and Accounts for the year ended 30 December 2022. Vested shares will be
subject to an additional holding period up to fifth anniversary of the date of grant. Malus and clawback
provisions apply.

2 May 2023


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, 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: 02-05-2023 05:00:00
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