Shareholder approval of Disposal of X-Leisure Business and Rule 9 Waiver
Capital & Regional plc (the "Company") announces that at a General Meeting of the Company, duly convened and held today, the resolutions as set out in the Notice of General Meeting which were included in the shareholder circular dated 21 December 2012 were passed on a show of hands and on a poll.
Proxies were received by the Company from shareholders in advance of the meeting as set out in the table below. The Company has a total of 350,612,754 ordinary shares with voting rights in issue.
| Row 1 | For | Against | Discretionary | Total Shares voted | For / Discretionary as % of Total Shares Voted |
| 1 - To approve the disposal of the interest in the X-Leisure Business | 263,044,643 | 11,262 | 20,054 | 263,075,959 | 100.00 |
| 2 - To approve the Rule 9 Waiver | 102,891,839 | 69,162,283 | 21,266 | 172,075,388 | 59.81 |
Following shareholder approval the principal remaining conditions precedent for completion of the transaction are documenting the X-Leisure bank consents and obtaining Jersey Financial Services Commission approval for the Land Securities Jersey Manager. Completion is expected to take place before the end of the month.
For further information:
Capital & Regional
Hugh Scott-Barrett, Chief Executive
Tel: 020 7932 8000
Charles Staveley, Group Finance Director
Tel: 020 7932 8000
Numis Securities Limited (Financial adviser and sponsor)
Heraclis Economides / Andrew Holloway
Tel: 020 7260 1000
Maitland
Martin Leeburn / Emma Burdett
Tel: 020 7379 5151