The Board of Capital & Regional Plc (LSE:CAL) noted the recent press speculation. The Board of Capital & Regional confirms that on 19 April 2024 it received a non-binding indicative proposal from Vukile Property Fund Limited (JSE:VKE) ("Vukile") regarding a possible cash and share offer for the entire issued, and to be issued, share capital of Capital & Regional (the "Vukile Proposal"). In addition to the Vukile Proposal, the Board of Capital & Regional confirms that it is aware that its majority shareholder Growthpoint Properties Limited (JSE:GRT) ("Growthpoint") which holds 68.13% of the Company's issued share capital, has also received a preliminary expression of interest from NewRiver REIT plc (LSE:NRR) ("NewRiver") in relation to a possible offer in cash and shares for the entire issued, and to be issued, share capital of Capital & Regional (the "NewRiver Expression of Interest").

The Board of Capital & Regional confirms that it has received no offer proposal from NewRiver at this stage. There can be no certainty that any firm offer will be made for the Company, nor as to the terms on which any offer will be made.