Vukile Property Fund Limited has submitted a non-binding indicative proposal to the Board of Capital & Regional plc for a possible cash and share offer for the entire issued and to be issued share capital of Capital & Regional. Vukile's consideration of such an offer is at an early stage, and there is no certainty that any offer for Capital & Regional will be made, nor as to the terms on which any offer might be made. Vukile must announce a firm intention to make an offer for Capital & Regional by 20 June 2024, or announce that they do not intend to make an offer for Capital & Regional.

BofA Securities is acting as the financial adviser exclusively for Vukile. The announcement is not intended to constitute an offer, invitation, or solicitation of an offer to purchase, otherwise acquire, subscribe for, sell, or dispose of any securities. The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law. A copy of this announcement will be made available on Vukile's website.

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company must make an Opening Position Disclosure following the commencement of the offer period. Relevant persons who deal in the relevant securities of the offeree company prior to the deadline for making an Opening Position Disclosure must make a Dealing Disclosure.