50,000 Sq Ft Datacentre Letting to Rackspace

20th April 2007

                 SLOUGH TRADING ESTATE 50,000 SQ FT DATACENTRE                 
                             LETTING TO RACKSPACE                              

In one of the biggest deals in the Thames Valley this year, Rackspace Managed
Hosting Ltd, Europe's fastest growing hosting company, will locate its UK data
centre at the Slough Trading Estate, SEGRO announced today.

The company, which specialises in providing professional managed and intensive
hosting solutions, has agreed a twenty-year lease for a 50,000sq ft unit on the
estate, which will accommodate 65,000sq ft of technical space via a mezzanine
floor once fit-out has been completed.

In addition to a secure power supply, the Trading Estate's award winning
security system, enviable location within easy access of London and Simplified
Planning Zone status (SPZ), has made it a prime business location for data
centre operators, one of a number of sectors in which the on-site leasing team
specialise.

"The required power supply for this specialist use, together with our
Simplified Planning Zone status, award-winning security and IT and cable
infrastructure, ensure that Slough Trading Estate is a leading location for
business continuity" commented Stephen Bailey, Regional Director of the Slough
Trading Estate.

                                   - ENDS -                                    

Contacts:

SEGRO
Michael Waring   Tel: [phone]

The Maitland Consultancy
Colin Browne     Tel: [phone]


The Slough Trading Estate

The Slough Trading Estate is part of Slough Estates plc which trades as SEGRO.
Some of the world's most successful companies are in operation at the Trading
Estate, including Ferrari, Black & Decker, Research in Motion, Fujitsu, GE
Medical, LG and O2. The new letting was announced as a second datacentre
operator, IXEurope, prepares to take occupation of a new £15m facility at the
Estate, which has been specially constructed for them.


About SEGRO

SEGRO is the leading provider of Flexible Business Space in Europe.
Headquartered in the UK, SEGRO is listed on the London Stock Exchange and on
Euronext in Paris. The company is a UK Real Estate Investment Trust ("REIT")
with operations in eleven countries, serving a diversified customer base of
over 1,760 customers operating in a wide range of sectors, representing both
small and large businesses, from start ups to global corporations. With
investment property assets of £5.0 billion (£6.0 billion including trading
properties and development assets) and 4 million sq m of business space, SEGRO
has an annual rental income in excess of £300 million.

www.segro.com


About Rackspace Managed Hosting:

A recognised leader in the global managed hosting market, Rackspace Managed
Hosting is a world-class service organisation delivering enterprise-level Web
infrastructure and managed services to businesses of all sizes. Serving more
than 10,000 customers across eight data centres worldwide, Rackspace integrates
the industry's best technologies for each customer's need backed by a 100 per
cent network uptime guarantee. Founded in 1998, the company has received
numerous awards for its brand of customer service known as Fanatical Supportâ„¢
including the Unisys/Management Today 2005 Service Excellence Award. For more
information, visit www.rackspace.co.uk