CALA Capital & Regional Plc

RNS No 3665
CALA PLC
4 June 1999



FORM 8.1/83                                Date of Disclosure: 4 June 1999


DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) AND 8.3 OF THE CITY CODE ON TAKEOVERS
AND MERGERS

Date of dealing:  2 June 1999

Dealing in:  CALA plc

(1)  Class of securities:  Ordinary Shares

(2)  Amount bought            Amount sold              Price per unit

          Nil                   4,201,650                      #2.00


(3)  Resultant total of the same class owned or controlled: None  (Nil%)

(4)  Party making disclosure: The Royal Bank of Scotland plc ("RBS")

(5)  EITHER    (a)  Name of vendor:  RBS/The Royal Bank of Scotland Group plc
     OR   (b)  If dealing for discretionary client(s), name of fund management
               organisation:
                    N/A


(6)  Reason for disclosure:

     (a)  associate of (i)    offeror:  NO
                    (ii) offeree:  YES

     (b)  Rule 8.3 (ie disclosure because of ownership or control of 1% or
          more of the class of relevant securities dealt in)

     Specify which category or categories of associate:  (6)

     If category (8) explain:  N/A

Signed, for and on behalf of the party named in (4) above AVS Number  884633

Miller McLean, Director, Group Legal and Regulatory Affairs and Group
Secretary
Telephone 0131 523 2223

END

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