Capital & Regional plc has confirmed receiving a non-binding indicative proposal from Vukile Property Fund Limited for a possible cash and share offer for the entire issued share capital. Additionally, the company's majority shareholder, Growthpoint Properties Limited, has received a preliminary expression of interest from NewRiver REIT plc regarding a potential offer in cash and shares for the entire issued share capital. The board emphasizes that there is no certainty that any firm offer will be made for the company, nor about the terms of such an offer.

The board of Capital & Regional will issue a further statement if and when appropriate. Rule 2.6(a) of the City Code on Takeovers and Mergers requires that each of Vukile and NewRiver announce a firm intention to make an offer for Capital & Regional by no later than 5.00 p.m. on 20 June 2024. This deadline will only be extended with the consent of the Takeover Panel.

Numis Securities Limited and Stifel Nicolaus Europe Limited are acting exclusively for Capital & Regional plc in connection with these matters. The announcement is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy securities. The release, publication, or distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law.

Under Rule 8.3(a) of the Code, any person interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror must make an Opening Position Disclosure following the commencement of the offer period.