Disposal

8 March 2010

CAPITAL & REGIONAL PLC:

SALE OF ST GEORGE'S SHOPPING CENTRE PRESTON

Capital & Regional plc, the co-investing property asset manager, today announces that the Mall Fund has completed the sale of St George's Shopping Centre Preston to Aviva Investors Property Trust for a price of £87m reflecting a deemed initial yield of 7.64%.

The sale price reflects a premium to the 31 December 2009 valuation.

Capital & Regional has an interest of 16.7% in the Mall Fund

For further information:

Capital & Regional:

Hugh Scott-Barrett,Chief Executive Tel:0207 932 8121

Charles Staveley,Group Finance Director Tel:0207 932 8910

Maitland:

Martin Leeburn/Emma Burdett Tel;0207 379 5151