On 23 May 2024, the Board of Capital & Regional Plc (LSE:CAL) ("Capital & Regional" or the "Company") confirmed that its majority shareholder Growthpoint Properties Limited (JSE:GRT) had 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. In accordance with Rule 2.6(a) of the Code, NewRiver was required, by no later than 5:00 p.m. on 20 June 2024 (the "PUSU Deadline"), to either announce a firm intention to make an offer for Capital & Regional in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. To facilitate ongoing discussions with NewRiver, the Company has requested and the Panel on Takeovers and Mergers (the "Takeover Panel") has consented to an extension of the PUSU Deadline.

Consequently, in accordance with Rule 2.6(c) of the Code, NewRiver is now required, by not later than 5.00 pm on 18 July 2024, to either announce a firm intention to make an offer for Capital & Regional in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for Capital & Regional, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. In accordance with Rule 2.6(c) of the Code, the revised deadline may be extended further at the request of the Board of Capital & Regional and with the consent of the Takeover Panel. 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.

The Company remains in an 'offer period' in accordance with the rules of the Code and the attention of Capital & Regional shareholders is drawn to the continuing disclosure requirements of Rule 8 of the Code, which are summarised below.