Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                

1. Identity of the issuer or the underlying              SEGRO plc             
issuer of existing shares to which voting                                      
rights are attached: ii                                                        

2 Reason for the notification (please tick the appropriate box or boxes):      

An acquisition or disposal of voting rights                               X    
                                                                               
An acquisition or disposal of qualifying financial instruments which           
may result in the acquisition of shares already issued to which voting         
rights are attached                                                            
                                                                               
An acquisition or disposal of instruments with similar economic effect         
to qualifying financial instruments                                            
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please                                                                  
specify):                                                                      

3. Full name of person(s) subject to         Third Avenue Management LLC       
the notification obligation: iii                                               
                                                                               
4. Full name of shareholder(s) (if                                             
different from 3.):iv                                                          
                                                                               
5. Date of the transaction and date               23 December 2011             
on which the threshold is crossed or                                           
reached: v                                                                     
                                                                               
6. Date on which issuer notified:                 27 December 2011             
                                                                               
7. Threshold(s) that is/are crossed                     4.00%                  
or reached: vi, vii                                                            

8. Notified details:
A: Voting rights attached to shares viii, ix

Class/type of  Situation previous              Resulting situation after            
shares          to the triggering                    the triggering                 
                   transaction                        transaction                   
                                                                                    
if possible     Number     Number     Number        Number of         % of voting   
using             of         of     of shares        voting            rights x     
the ISIN CODE   Shares     Voting                    rights                         
                           Rights                                                   
                                                                                    
                                      Direct    Direct   Indirect   Direct  Indirect
                                                  xi       xii                      
                                                                                    
GB00B5ZN1N88  29,654,212 29,654,212 29,800,048   N/A    29,800,048   N/A     4.02%  
                                                                                    
B: Qualifying Financial Instruments                                                 
                                                                                    
Resulting situation after the triggering transaction                                
                                                                                    
Type of financial  Expiration      Exercise/       Number of voting    % of voting  
    instrument     date xiii   Conversion Period  rights that may be      rights    
                                      xiv           acquired if the                 
                                                     instrument is                  
                                                      exercised/                    
                                                      converted.                    
                                                                                    

C: Financial Instruments with similar economic effect to Qualifying Financial   
Instruments xv, xvi                                                             
                                                                                
Resulting situation after the triggering transaction                            
                                                                                
Type of financ Exercise Expiration Exercise/  Number of voting    % of voting   
     ial        price   date xvii  Conversion rights instrument  rights xix, xx 
  instrument                         period       refers to                     
                                     xviii                                      
                                                                                
                                                                Nominal  Delta  
                                                                                

Total (A+B+C)                                                                  
                                                                               
        Number of voting rights               Percentage of voting rights      
                                                                               
              29,800,048                                 4.02%                 

9. Chain of controlled undertakings through which the voting rights and/or the 
financial instruments are effectively held, if applicable: xxi                 
                                                                               

Proxy Voting:                                                                  
                                                                               
10. Name of the proxy holder:                                                  
                                                                               
11. Number of voting rights proxy                                              
holder will cease to hold:                                                     
                                                                               
12. Date on which proxy holder will                                            
cease to hold voting rights:                                                   

13. Additional information:                                                    
                                                                               
14. Contact name:                        Robin Healy, Deputy Company Secretary 
                                                                               
15. Contact telephone number:                     [phone]