Result of Rights Issue

SEGRO plc

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES, JAPAN, THE REPUBLIC OF SOUTH AFRICA,
CANADA, SINGAPORE OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

               SEGRO plc (the "Company") Result of Rights Issue                

The Company announces that, as at 11.00am on 6 April 2009, being the last date
of receipt for valid subscriptions, it had received valid acceptances in
respect of 4,992,775,961 New Ordinary Shares, representing approximately 95.27%
of the total number of New Ordinary Shares offered to Shareholders pursuant to
the 12 for 1 Rights Issue announced on 4 March 2009.

In accordance with their underwriting obligations in respect of the Rights
Issue, Merrill Lynch International and UBS Limited, as Joint Bookrunners, will
be seeking acquirers for the remaining 247,874,743 New Ordinary Shares.

It is expected that the New Ordinary Shares in uncertificated form will be
credited to CREST accounts on 7 April 2009, and that definitive share
certificates in respect of the New Ordinary Shares to be held in certificated
form will be despatched by no later than 14 April 2009. It is expected that the
New Ordinary Shares will commence trading fully paid on the London Stock
Exchange plc's main market for listed securities on 7 April 2009.

Defined terms in this announcement shall have the same meanings as in the
Prospectus dated 4 March 2009, unless the context requires otherwise.

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Contact:

David Sleath, Group Finance Director                 Tel: [phone]
Tamarin Shore                                        Tel: [phone]
                                                                             
Liz Morley/Colin Browne, Maitland                    Tel: [phone]

Disclaimer:

This announcement is not a prospectus but an advertisement and investors should
not subscribe for any New Ordinary Shares referred to in this announcement
except on the basis of the information contained in the Prospectus.

Neither the content of the Company's website nor any website accessible by
hyperlinks on the Company's website is incorporated in, or forms part of, this
announcement.

This announcement shall not constitute or form part of any offer or invitation
to sell or issue, or any solicitation of any offer to acquire, any New Ordinary
Shares or entitlements to New Ordinary Shares to any person in any jurisdiction
to whom or in which such offer or solicitation is unlawful. Distribution of
this announcement and/or the transfer of New Ordinary Shares into jurisdictions
other than the United Kingdom may be restricted by law. These materials are not
for distribution, directly or indirectly, in whole or in part, in or into the
United States (including its territories and dependencies, any state of the
United States and the District of Columbia). Persons into whose possession this
announcement comes should inform themselves of and observe any such
restrictions. Any failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.

This announcement does not constitute or form a part of any offer or
solicitation to purchase or subscribe for securities in the United States. The
New Ordinary Shares have not been and will not be registered under the United
States Securities Act of 1933 (the "Securities Act"), as amended, or under any
securities laws of any state or other jurisdiction of the United States and may
not be offered, sold, taken up, exercised, resold, renounced, transferred or
delivered, directly or indirectly, within the United States except pursuant to
an applicable exemption from the registration requirements of the Securities
Act and in compliance with any applicable securities laws of any state or other
jurisdiction of the United States. The New Ordinary Shares have not been
approved or disapproved by the US Securities and Exchange Commission, any
state's securities commission in the United States or any US regulatory
authority, nor have any of the foregoing authorities passed upon or endorsed
the merits of the offering of the New Ordinary Shares or the accuracy or
adequacy of this announcement. There will be no public offer of these
securities in the United States.

The New Ordinary Shares have not been and will not be registered under the
securities laws of (and there will be no public offer in) Canada, Singapore,
Japan, the Republic of South Africa or any jurisdiction where to do so would
breach any applicable law, and may not be offered, sold, taken up, exercised,
resold, renounced, transferred or delivered, directly or indirectly, within
such jurisdictions except pursuant to an applicable exemption from and in
compliance with any applicable securities laws.

Merrill Lynch International, Lazard & Co., Limited, and UBS Limited are acting
for the Company and no one else in connection with the Rights Issue and will
not regard any other person (whether or not a recipient of this document) as a
client in relation to the Rights Issue and will not be responsible to anyone
other than the Company for providing the protections afforded to their
respective clients or for providing advice in relation to the Rights Issue or
any matters referred to in this document.