Fund Valuation

12 Apr 2005 07:00

Capital & Regional plc12 April 2005 12 April 2005 CAPITAL & REGIONAL PLC: THE X-LEISURE FUND UNIT VALUES Capital & Regional plc, the co-investing property asset manager, today announcedthat the Unit Value of the X-Leisure Fund as at 31 March 2005 was as follows: Valuation of Unit value at Unit value at Underlying Growth in Units owned C&R properties 31 March 2005 31 December valuation unit value by C&R percentage 2004 change % (geared) of fundThe X-Leisure Fund £613,115,000 £1.13102 £1.13328 -0.4% -0.2% 22,846,559 11.1% Notes: The underlying valuation change shows the increase in the value of the portfolioas a percentage of opening value adjusted for additions and disposals, in thethree months. The growth in unit value reflects growth in the capital value of the fund in thethree months. In addition investors benefit from quarterly distributions of netincome. The unit value increased by 3.3p during the first quarter before the removal ofstamp duty land tax relief for disadvantaged areas, which has had a negativeimpact equivalent to 3.5p per unit. - ENDS - For further information: Capital & Regional:Martin Barber, Chief Executive Tel. 020 7932 8101William Sunnucks, Group Finance Director Tel. 020 7932 8125 gcg hudson sandlerMichael Sandler / James Benjamin Tel: 020 7796 4133 This information is provided by RNS The company news service from the London Stock Exchange