Admission and Delisting

Admission and Delisting                            

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION

             SEGRO PLC AND BRIXTON LIMITED (FORMERLY BRIXTON PLC)              

                            Recommended acquisition                            

                                      of                                       

                                  Brixton plc                                  

                                      by                                       

                                   SEGRO plc                                   

25 August 2009

Admission and Delisting

The board of directors of SEGRO plc and Brixton Limited (formerly Brixton plc,
("Brixton")) announce that, in pursuance of the Scheme to implement the
recommended acquisition of Brixton by SEGRO plc, dealings in Brixton Shares on
the London Stock Exchange's main market for listed securities have been
cancelled and the Brixton Shares have been delisted from the Official List,
with effect from 8:00 a.m. (London time) this morning.

Further, a total of 47,548,742 Consideration Shares issued by SEGRO on 24
August 2009 to Brixton Shareholders have been admitted to the Official List of
the UK Listing Authority and dealings in the Consideration Shares on the London
Stock Exchange's main market and on Euronext Paris have commenced today at 8:00
a.m. under the ticket code SEGRO.

Consideration Shares were credited to CREST accounts at 8:00 a.m. this morning
and it is expected that certificates for Consideration Shares held in
certificated form and cheques in respect of any cash consideration arising as a
result of fractional entitlements to Consideration Shares will be despatched by
7 September 2009.

Board Changes

In accordance with the Scheme documentation, the board of Brixton further
announces that Peter Dawson, Steven Owen and Steven Lee have resigned as
directors of Brixton and have been replaced on the board of Brixton by Ian
Coull, David Sleath and Ian Sutcliffe.

Ian Coull, Chief Executive of SEGRO plc commented: "We would like to thank the
Brixton board for their assistance with completing the acquisition and their
input at the start of the process to integrate Brixton into the SEGRO group".

Former Brixton Chief Executive, Peter Dawson, commented: "On behalf of my
fellow directors, we would like to wish the new group every success in the
future and thank all of the Brixton staff for their hard work, support and
immense professionalism throughout a very challenging period."

Capitalised terms in this announcement have the same meaning as in the Scheme
Document dated 17 July 2009.

A copy of this announcement will be available, along with further information
on the Transaction, on SEGRO plc's website at www.SEGRO.com


For further enquiries, contact:

SEGRO plc

Ian Coull, Chief Executive                          Tel: [phone]   
David Sleath, Group Finance Director
Siva Shankar, Director of Corporate Finance

J.P. Morgan Cazenove/J.P. Morgan Securities (joint financial adviser, joint
bookrunner, joint sponsor and joint underwriter to SEGRO)

Mark Preston                                        Tel: [phone]   
Robert Fowlds
Barry Weir
Christopher Dickinson

UBS Investment Bank (joint financial adviser, joint bookrunner, joint sponsor,
joint underwriter and joint corporate broker to SEGRO)

Fergus Horrobin                                     Tel: [phone]   
Liam Beere
Bill Hutchings
Simon Lyons

Merrill Lynch (joint bookrunner, joint sponsor, joint underwriter and joint
corporate broker to SEGRO)

Simon Fraser                                        Tel: [phone]   
Simon Mackenzie-Smith
Peter Brown

Maitland (PR adviser to SEGRO)

Colin Browne                                        Tel: [phone]   
Liz Morley


This announcement does not constitute an offer to sell or invitation to
purchase any securities or the solicitation of any vote for approval in any
jurisdiction, nor shall there be any sale, issue or transfer of the securities
referred to in this announcement in any jurisdiction, in contravention of
applicable law.

The release, publication or distribution of this announcement in certain
jurisdictions may be restricted by law. Persons who are not resident in the
United Kingdom or who are subject to other jurisdictions should inform
themselves of, and observe, any applicable requirements. This announcement has
been prepared for the purposes of complying with English law and the City Code
and the information disclosed may not be the same as that which would have been
disclosed if this announcement had been prepared in accordance with the laws
and regulations of any jurisdiction outside of England.

Any person (including, without limitation, any custodian, nominee and trustee)
who would, or otherwise intends to, or who may have a contractual or legal
obligation to, forward this announcement and/or the Scheme Document and/or any
other related document to any jurisdiction outside the UK should inform
themselves of, and observe, any applicable legal or regulatory requirements of
that jurisdiction.

The Consideration Shares issued to Brixton Shareholders under the Scheme have
not been, and will not be, registered under the US Securities Act, or under the
securities laws of any state, district or other jurisdiction of the United
States, the Republic of South Africa, Singapore, Canada or Japan.

The Consideration Shares have been issued in reliance upon the exemption from
the registration requirements of the US Securities Act provided by Section 3(a)
(10) thereof. Under applicable US securities laws, Brixton Shareholders who are
or will be deemed to be "affiliates" of the Enlarged Group will be subject to
certain transfer restrictions relating to the New SEGRO Shares received in
connection with the Scheme.

Neither the content of Brixton's website, SEGRO plc's website nor any website
accessible by hyperlinks on such websites is incorporated in, or forms part of,
this announcement.

J.P. Morgan Cazenove, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting for SEGRO in relation to the
Transaction, Placing, Open Offer and Admission of the New SEGRO Shares and is
not advising any other person and accordingly will not be responsible to any
person other than SEGRO for providing the protections afforded to the clients
of J.P. Morgan Cazenove or for providing advice in relation to the matters
described in this document.

UBS is acting for SEGRO in relation to the Transaction Placing, Open Offer and
Admission of the New SEGRO Shares and is not advising any other person and
accordingly will not be responsible to any person other than SEGRO for
providing the protections afforded to the clients of UBS or for providing
advice in relation to the matters described in this document.

Merrill Lynch, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting for SEGRO in relation to the
Transaction, Placing, Open Offer and Admission of the New SEGRO Shares and is
not advising any other person and accordingly will not be responsible to any
person other than SEGRO for providing the protections afforded to the clients
of Merrill Lynch or for providing advice in relation to the matters described
in this document.

Barclays Capital will also be providing financial advice to SEGRO in relation
to the Transaction. Barclays Capital, which is authorised and regulated in the
United Kingdom by the Financial Services Authority, is not advising any person
other than SEGRO and accordingly will not be responsible to any person other
than SEGRO for providing the protections afforded to the clients of Barclays
Capital or for providing advice in relation to the matters described in this
document.