RNS No 4984c
CAPITAL & REGIONAL PROPERTIES PLC
17th July 1998


NOTIFICATION OF INTEREST UNDER SECTION 198 OF THE COMPANIES ACT 1989

The Company has received notification, on 15th July, 1998, under Section 134
of the Companies Act 1989 as amended by the Disclosure of Interests in Shares
(Amendment) Regulation 1993 of the following interests in ordinary shares of
10p each in Capital and Regional Properties plc:

Beneficial     Registered           No of 
Holder         Holder               Shares             % Shareholding         
                                                                          

PDFM Limited   Phildrew Nominees    13,046,809

               Other Nominees        4,518,360

               TOTAL                17,565,169           17.88%


PDFM Limited is a subsidiary of UBS Holding Limited which is also treated as
having an interest in the above shares.


END

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