Disposal

For immediate release

14 November 2007

               SEGRO'S POWER GENERATION PLANT IN SLOUGH TO JOIN                

                     SCOTTISH AND SOUTHERN ENERGY NETWORK                      

SEGRO plc, the leading provider of flexible business space in Europe, today
announces that its interests in the power generation operation in Slough
(Slough Heat & Power - "SH&P") are to be acquired by Scottish and Southern
Energy plc ("SSE"), one of the largest energy companies in the UK.

Contracts have been exchanged under which SEGRO will sell its shares in Slough
Heat & Power Limited to Scottish and Southern Energy ("SSE") and will
simultaneously grant SSE a 45 year lease of the site which the plant occupies.
SSE is also contracting to an "Energy Availability Agreement" under which it
will commit to ensuring that SH&P continues to offer a high level of utility
services to SEGRO customers.

The gross consideration for the assets being transferred to SSE is £49.2m which
compares to a book value as at 30 June 2007 of £38.6m. Completion of the
transaction is expected to take place around the end of December 2007 once
remaining contractual conditions have been satisfied.

SH&P is situated on the Slough Trading Estate and provides a valuable and
environmentally friendly energy resource for SEGRO's customers on the Estate.
It is a leading generator of renewable energy. SEGRO believes that the services
SH&P provides for its customers can be enhanced through the ownership and
capabilities of a major national utility company. The Slough Trading Estate -
the largest business centre of its kind under single ownership in Europe -
provides facilities for more than 400 companies and their 17,000 employees.

Like SH&P, SSE is fully committed to increasing levels of renewable energy
generation and is a major investor in and developer of renewable energy
technology.

Ian Coull, SEGRO's Chief Executive said:

"This transaction is good news for our customers and our shareholders. Our
customers on the Slough Trading Estate will benefit from Scottish & Southern
Energy's dedicated expertise as a national utility operator and from its much
greater capacity and scale. Our employees also will benefit, both from the
specialist utility expertise and support which SSE will be able to provide and
from the wider choice of opportunities associated with being part of a leading
energy company. And our shareholders will benefit from the divestment of a
non-core activity which will enable our management team to concentrate fully on
its own area of expertise - the provision of Flexible Business Space across
Europe."

Ian Marchant, Chief Executive of SSE said:

"I am delighted that Slough Heat & Power is to become part of SSE. It is an
important business, situated right in the heart of one of our traditional
operating areas. With its mix of assets and customers, it is a ready-made fit
for SSE's business model, and over time we expect to secure efficiencies and
synergies which will create further value. Its sustainable energy credentials
are particularly appealing, and we are also looking forward to working with the
team at Slough."

OTHER KEY POINTS

  * SSE is firmly committed to increasing the generation of renewable energy
    and to a demanding sustainability agenda.
   
  * The transaction will result in the ending of the current monopoly supply of
    electricity services, allowing Slough Trading Estate customers to consider
    alternative suppliers - an option which occupiers have requested. For
    example, occupiers may seek to integrate the supply of their utility
    services on the Slough Trading Estate with other UK wide national contracts
   
  * Following completion of this agreement (anticipated around the end of
    December 2007 and subject to final clearance processes) SH&P employees will
    join SSE
   
  * In addition to the commercial and business occupiers, residential occupiers
    on the trading estate are also supplied by SH&P and they will similarly
    soon be able to benefit from being supplied by SSE
   
SEGRO was advised on this transaction by KPMG Corporate Finance and by Nabarro.


For SEGRO Investors/Analysts and Corporate Media Contacts                      
                                                                               
SEGRO                     [phone]           Michael Waring            
Maitland                  [phone]           Colin Browne              
                                                                               
For Slough Trading Estate and Slough area Media Contacts                       
                                                                               
FD Tamesis                + 44 20 7269 9360          Vicky Wallin              



Notes

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 ten countries (it completed the exit from its US business in
August 2007), serving a diversified customer base of over 1,600 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 £5.1 billion (including trading properties and development assets)
and 3.9 million sq m of business space, SEGRO has an average lease length to
expiry of 8.6 years and an annual rental income is excess of £200m. 
www.segro.com

Financial Note: The SH&P business is represented in SEGRO's profit and loss
statement by the "Net income from utilities line" - which contributed a
positive £0.8m in the six months to the end of June 2007.

Slough Trading Estate A leading location for business in the South East of
England. Where many of the world's leading companies rub shoulders with some of
the most exciting start-ups. The Estate's aim is to help businesses to thrive
by offering a unique combination of quality properties, lifestyle-oriented
facilities and supportive customer care in an unrivalled location. For more
information on the Estate and why the likes of Ferrari, O2, Black & Decker and
LG Electronics have made Slough Trading Estate their home see the website below

http://www.sloughte.com


Slough Heat & Power

Renewable energy, secure supply, saving carbon emissions. Slough Heat and Power
supplies electricity, hot water and steam to local businesses, and electricity
to local residents. Energy supplies to all its customers are competitively
priced and highly secure. Its energy centre uses advanced technologies to
generate energy from renewable resources.


Scottish and Southern Energy

Scottish and Southern Energy is one of the largest energy companies in the UK.
It is involved in the generation, transmission, distribution and supply of
electricity; energy trading; the storage, distribution and supply of gas;
electrical and utility contracting; and telecoms. Scottish and Southern Energy
is more than just Scottish and Southern. It serves customers from more than 150
sites across the country. SSE's core purpose is to provide the energy people
need in a reliable and sustainable way. In line with this, its strategy has
been and will continue to be the delivery of sustained real growth in the
dividend payable to shareholders through the efficient operation of, and
investment in, a balanced range of regulated and nonregulated energy-related
businesses.

SSE recently announced that up to 800 new jobs could be created at a new
multi-million pound electric company headquarters in Thatcham, Berkshire. The
centre will be the logistics, sales and training base for Scottish and Southern
Energy (SSE), and act as their ware-house for all of southern England and
Wales.

www.scottish-southern.co.uk