TIDMCAL

RNS Number : 3676L

Capital & Regional plc

29 April 2020

29 April 2020

CAPITAL & REGIONAL PLC ("Capital & Regional" or "the Company")

UK company number 01399411

LSE share code: CAL

ISIN: GB00BL6XZ716

LEI: 21380097W74N9OYF5Z25

Director Remuneration

The Company announces that, mindful of the significant impact of COVID-19 on Capital & Regional's employees, the Board of Directors have agreed to take a voluntary 20% reduction in salary or fees for the months of April, May and June 2020. The funds saved will be used to support C&R employees and communities most financially impacted by COVID-19.

Capital & Regional plc also announces that the Company completed on 28 April 2020 grants of the following share awards of ordinary shares of GBP0.10 per share as part of the 2019 Bonus Award under the Capital & Regional plc Combined Incentive Plan (the "Plan") to the following Directors of the Company:

   Lawrence Hutchings       171,899 
   Stuart Wetherly                 92,691

The awards were calculated with reference to the share price at the end of December 2019. The exercise price for the awards gra nted is a maximum of GBP0.10 per share. Shares will vest in three equal tranches in years three, four and five from grant and will be subject to the achievement of a relative Total Shareholder Return (TSR) underpin. Further detail on the performance conditions is provided on page 64 of the Company's Annual Report and Accounts for the year ended 30 December 2019. Vested shares will be subject to an additional holding period up to fifth anniversary of the date of grant. Malus and clawback provisions apply.

- ENDS -

For further information:

   Capital & Regional plc                      020 7932 8000

Lawrence Hutchings

Stuart Wetherly

   FTI Consulting                               020 3727 1000

Richard Sunderland

Claire Turvey

Methuselah Tanyanyiwa

capreg@fticonsulting.com

About Capital & Regional plc

Capital & Regional is a UK focused specialist property REIT with a strong track record of delivering significant value enhancing retail and leisure asset management opportunities across its portfolio of in-town, dominant community shopping centres.

Capital & Regional owns seven shopping centres in Blackburn, Hemel Hempstead, Ilford, Luton, Maidstone, Walthamstow and Wood Green. Capital & Regional manages these assets through its in-house expert property and asset management platform.

   For further information see   www.capreg.com .

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