CAPITAL & REGIONAL PLC - Completion of acquisition

Completion of acquisition

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")


COMPLETION OF ACQUISITION


6 September 2023

Capital & Regional (LSE: CAL), the UK focused REIT with a portfolio of community shopping centres,
is pleased to announce that, further to the announcements on 10 August 2023 and 25 August 2023 and
following the successful Capital Raising, it has now completed on the acquisition of The Gyle Shopping
Centre in Edinburgh.

Lawrence Hutchings, Chief Executive Officer, comments: "The acquisition of The Gyle Shopping
Centre, supported by the successful equity raise reflects the confidence that investors have in our needs
based non-discretionary community centre strategy, our management platform and portfolio. These
Grocery anchored centres are part of essential community infrastructure and continue to demonstrate
the resilience and importance of physical stores to retailers.

"This established dual supermarket anchored community centre offers a number of asset management
opportunities to create value, leveraging our expertise to improve occupancy and income. The
acquisition will be accretive to income from day one, enhancing earnings in the first full year of
ownership and thereby generating attractive risk-adjusted returns for shareholders.

"We would like to thank all of those involved in bringing this transaction to a successful conclusion."

Defined terms in this announcement bear the same meanings as in the prospectus published by the
Company on 10 August 2023.

                                                - ENDS -

For further information:

Capital & Regional plc                  020 7932 8000
Lawrence Hutchings
Stuart Wetherly

Panmure Gordon (UK) Limited (Sponsor, Joint Financial Adviser and Joint Broker)
Amrit Mahbubani                         020 7886 2500
Atholl Tweedie
Ailsa Macmaster
David Watkins

Numis Securities Limited (Joint Financial Adviser and Joint Broker)
Ben Stoop                               020 7260 1000
Will Rance

Java Capital (JSE Sponsor)
Shivani Bhikha                          +27(0)78 120 6931
Daniel Ross                             +27(0)83 716 8665

FTI Consulting
Richard Sunderland                      020 3727 1000
Maria Saud
Oliver Parsons
capreg@fticonsulting.com

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 track record of delivering value enhancing retail and leisure asset management opportunities
across a portfolio of tailored in-town community shopping centres.

Using its expert property and asset management platform Capital & Regional owns and manages
shopping centres in Edinburgh, Hemel Hempstead, Ilford, Maidstone, 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 www.capreg.com.

Date: 06-09-2023 10:00:00
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.