AGM Notice & New Corporate Identity

Where Business Works

PRESS RELEASE

Embargoed until 07:00 AM, 2nd April 2007

SLOUGH ESTATES' AGM NOTICE AND NEW CORPORATE IDENTITY


AGM Notice

The Directors of Slough Estates plc announced today the publication of its
Notice of the Annual General Meeting for 2007, Annual Report and Accounts,
Corporate Responsibility Report and Proxy Forms. The Annual General Meeting of
the Company is to be held at the Grand Ballroom of The London Hilton on Park
Lane, 22 Park Lane, London W1K 1BE, on Tuesday, 22 May 2007 at 12 noon. A copy
of the Notice of the Annual General Meeting, together with the 2006 Annual
Report and Accounts is available on the Company's website and the documents are
being dispatched to shareholders from today. Copies of the Company's Notice of
Annual General Meeting, together with the 2006 Annual Report and Accounts have
been submitted to the UK Listing Authority.


New Corporate Identity

Slough Estates also announces a fresh new corporate identity, with a strong
bold and confident new look and the natural evolution of its name to SEGRO.
SEGRO flows from Slough Estates Group and is pronounced see-grow. The new
identity reflects how the company has been developing in recent years,
particularly its expansion in Continental Europe and its recently established
status as one of the world's largest Real Estate Investment Trusts ("REITs")

Ian Coull, Chief Executive said

"As SEGRO builds on the success of its now tightly focused property model, and
expands its activities across Continental Europe, we are determined to further
develop our position as the leading provider of flexible business space in
Europe. As we have made significant changes to our business and have attracted
new customers and investors, it's appropriate that our identity builds on this
too. The name SEGRO reinforces the direction and the positive momentum of the
company."

SEGRO

  * specialist focus and expertise
   
  * consistent world class delivery
   
  * flexible in the type of business space we provide
   
  * flexible "can-do" approach to client needs
   
  * international business skills with a local market focus
   
  * managing today's space for tomorrow's environment
   
www.SEGRO.com

The change to our identity and our new SEGRO trading name take effect
immediately, the equivalent change to our registered company name (the "plc"
name) requires shareholder approval and a resolution to that effect will be put
to the company's Annual General Meeting on 22 May 2007.

The Company was advised on its new identity by London brand consultancy 
appetite.

www.appetiteuk.com


Contacts:

SEGRO
Michael Waring Tel: [phone]

The Maitland Consultancy
Colin Browne Tel: [phone]

appetite
Sheila Tully Tel: [phone]


Notes to editors

The corporate brand identity will change with immediate effect, it is
incorporated in the 2006 annual report published today and will be gradually
rolled out to include the full extended hierarchy of the company's sub-brands.
The company's website changes with immediate effect and full technical details
of SEGRO's new brand identity can now be found at www.SEGRO.com. Subject to
shareholder approval at the AGM the registered company name will change to
SEGRO plc and on the 23 May the company's stock codes will also change. The
codes will change to:

LSE (TIDM Code) - SGRO
Euronext (Mnemonic Code) - SGR


Basic SEGRO Facts. 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.

Core Purpose and Strategy SEGRO is an international property investment and
development company that matches its clients' plans and ambitions by providing
Flexible Business Space tailored to meet client's current and future
requirements at strategic locations in Europe and the USA.

As a leader in its international markets, SEGRO seeks to achieve superior total
returns for shareholders through:

- providing a high standard of customer service and actively managing existing
  assets

- achieving growth by driving a major development programme

- capitalising on the higher returns and lower borrowing costs available across
  Continental Europe

- operating an efficient international tax structure

- actively recycling capital by selling mature assets and reinvesting the
  proceeds in new acquisitions and development opportunities


What is Flexible Business Space?

SEGRO is the leading provider of Flexible Business Space in Europe. Flexible
Business Space is the development of industrial sites and business parks, for
the highest value and most appropriate customer uses. These include :

  * manufacturing & light industrial activities
   
  * warehousing and distribution (both "small" and "big-box")
   
  * the housing of data centres
   
  * research and development
   
  * office uses