RNS No 2365a
CAPITAL AND REGIONAL PROPERTIES PLC
29 July 1999


NOTIFICATION OF INTEREST DISCLOSURE PURSUANT TO SECTION 198 OF THE COMPANIES
ACT 1985

On 28th July 1999, the Company received notification of the following
interests in ordinary shares of 10p each in Capital and Regional Properties
plc:

Beneficial         Registered          No of          % Shareholding
Holder             Holder              Shares

Phillips &         Phildrew            9,192,278       9.35%
Drew Life          Nominees       
Limited

Phillips & Drew Fund Management Limited also has a holding in the issued share
capital of the Company.

Both Phillips & Drew Life Limited and Phillips & Drew Fund Management Limited
are subsidiaries of Phillips & Drew Holding Limited which as a results is
treated as having an interest in 17.79% of the issued share capital of the
Company.

END

HOLPBUMGMBGBGPB


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