Issue of Equity and Director Declaration

CAPITAL SHOPPING CENTRES GROUP PLC

28 January 2011

Capital Shopping Centres Group PLC

Issue of Equity and Appointment of Deputy Chairman

Issue of Equity

Capital Shopping Centres Group PLC (the "Company") announces that it has today issued 167,316,817 new ordinary shares (the "Consideration Shares") and £154,317,000 3.75 per cent. perpetual subordinated convertible bonds (the "Convertible Bonds") in connection with the acquisition of the Trafford Centre Group which completed today.

Following this, the Company has 860,096,108 ordinary shares of 50 pence each in issue of which 1,050,000 ordinary shares are held in treasury. The total number of shares attracting voting rights in the Company is 859,046,108. This figure may be used by shareholders to determine the percentage of issued share capital they hold in the Company and if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Service Authority's Disclosure and Transparency Rules.

Admission of the Consideration Shares to the Official List of the UK Listing Authority and to trading on the main market of the London Stock Exchange, and to trading on the Johannesburg Stock Exchange, occurred today.

Appointment of Deputy Chairman and Declaration

Mr John Whittaker has been formally appointed as a non-Executive Director and Deputy Chairman of Capital Shopping Centres Group PLC with effect from 28 January 2011.

Mr Whittaker has notified the Company that on his appointment he, or his connected persons, held 169,716,817 shares including the 167,316,817 Consideration Shares described above.

Mr Whittaker does not currently hold any directorships of publicly quoted companies and has not held any such directorships in the past five years.

The Blackburn Ice Arena Limited, a company of which Mr Whittaker was a director, was placed into compulsory liquidation on the application of a creditor in December 1993 and dissolved on 30 June 2007.

Redcity Developments Limited, a company of which Mr Whittaker is a director, was placed into administration in July 2008 and moved from administration to creditors' voluntary liquidation in July 2009.

Mr Whittaker has confirmed that there is no further information to be disclosed in accordance with Listing Rule 9.6.13.

Enquiries:

Susan Folger

Company Secretary

+44 (0)20 7887 7073

A copy of this announcement is available, free of charge, at www.capital-shopping-centres.co.uk/investors/shareholder_info/trafford_egm/. You may request a hard copy of this announcement, free of charge, by contacting the Company at 40 Broadway, London SW1H 0BT (by email: [email protected], or by telephone: +44 (0)20 7960 1236).