Scrip Dividend Scheme - Scrip Calculation Price

SEGRO plc (the Company) Scrip Dividend Scheme - Scrip Calculation Price

On 25 February 2010, the Company announced that, subject to shareholder
approval at its 2010 Annual General Meeting, a Scrip Dividend Scheme will be
introduced. The Board has recommended a Final Dividend of 9.4 pence per share
(to be paid entirely as a Property Income Distribution) to shareholders and the
Scrip Dividend Scheme will be offered in respect of this payment.

The Scrip Calculation Price which will be used in determining the number of new
ordinary shares is 317.7 pence.

A timetable of key events is provided below.

Ex-dividend Date                        31 March 2010                          
                                                                               
Scrip Calculation Price determined      31 March 2010 to 8 April 2010          
                                        (inclusive)                            
                                                                               
Record Date                             6 April 2010                           
                                                                               
Scrip Calculation Price announced       9 April 2010                           
                                                                               
Mandate delivery deadline for Euroclear 2.00 pm on 12 April 2010               
shareholders                                                                   
                                                                               
Mandate delivery deadline for UK        5.00 pm on 14 April 2010               
shareholders                                                                   
                                                                               
Annual General Meeting                  29 April 2010                          
                                                                               
2009 Final Dividend Payment Date        6 May 2010                             
                                                                               
Expected date of admission and first    6 May 2010                             
day of dealings in New Ordinary Shares                                         
on the London Stock Exchange                                                   
                                                                               
Expected date of admission and first    7 May 2010                             
day of dealings in New Ordinary Shares                                         
on Euronext Paris                                                              

 

The Scrip Dividend Scheme Booklet is available from 
http://www.segro.com/segro/Investors/General-Meetings/2010.htm.

 

Further queries on the Scrip Dividend Scheme should be directed to the
Company's Registrar, Computershare on 0870 707 1296 or on-line at 
http://www.investorcentre.co.uk/contactus.




Harriet Huband
020 7399 4516