Fund Valuations

11 Apr 2005 07:00

Capital & Regional plc11 April 2005 11 April 2005 CAPITAL & REGIONAL PLC: VALUATION OF MALL AND JUNCTION FUNDS Capital & Regional plc, the co-investing property asset manager, today announcedthat the unit values of the Mall Limited Partnership and the Junction LimitedPartnership as at 31 March 2005 were as follows: Valuation of Unit value at Unit value at Underlying Growth in Units owned C&R properties 31 March 31 December valuation unit value by C&R percentage 2005 2004 change % (geared) of fund Mall Fund £2,236,400,000 £1.7600 £1.7604 0.0% 0.0% 170,000,000 26.9%Junction £1,022,792,500 £1.8606 £1.8661 0.2% 0.0% 85,000,000 27.3%Fund Notes: The underlying valuation change shows the increase in the value of the portfolioas a percentage of opening value adjusted for additions and disposals, over thethree months. The growth in unit value reflects growth in the capital value of the fund overthe three months. In addition investors benefit from quarterly distributions ofnet income. There has been no significant reduction in the unit price from the 31 December2004 figures despite the removal of stamp duty land tax relief for disadvantagedareas in the month, which has reduced the Mall unit price by 5.6 pence andreduced the Junction unit price by 6.5 pence. - 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