Appointment of Non-executive Directors

PRESS RELEASE
                                                       28th January 2004


         SLOUGH ESTATES APPOINTS TWO NEW NON-EXECUTIVE DIRECTORS


Slough  Estates today announces the appointment of Andrew Palmer,  Group
Director (Finance) of Legal & General Group Plc and Christopher Peacock,
former  Chief  Executive  of  Jones Lang LaSalle,  as  independent  non-
executive directors.

Chairman  of  Slough Estates, Sir Nigel Mobbs, commented: "I  very  much
welcome  the  appointment of both Andrew and Chris whose experience  and
knowledge  will  greatly strengthen the Board and bring benefit  to  the
business".


                                   ***
Background Notes

Andrew  Palmer is a Chartered Accountant aged 50. He is currently  Group
Director  (Finance)  with Legal & General Plc.  Since  joining  Legal  &
General in 1988 he has held a number of financial and operational  roles
in the Asset Management, Insurance and International businesses.


Christopher Peacock is a Chartered Surveyor aged 58. Until the beginning
of  2004  he  was President and Chief Executive Officer  of  Jones  Lang
LaSalle.  He joined Jones Lang Wootton in 1972 and was made  partner  in
1974;  he  rose to being the European Chief Executive in 1996 and  Jones
Lang  Wootton's first global Chief Executive in 1997. In 1999 he  became
Chief Operating Officer and subsequently CEO of the NYSE listed company,
Jones Lang LaSalle.

Slough  Estates  is  a leading provider of flexible  business  space  in
business  parks  in Western Europe and North America,  with  some  1,800
customers occupying 2.9 million square metres of business space, with  a
total  value of £3.8 billion. Slough Estates' properties are in suburban
locations  in close proximity to the main business centres, where  there
is  long  term  demand for business accommodation  to  serve  these  key
economic  regions.  The company's main activities  are  currently  based
around London, Brussels, Paris, Düsseldorf, San Francisco and San  Diego
and  the  company continues to develop new business parks with the  long
term   objective  of  building  shareholder  value  and  enhancing   its
reputation for quality buildings offering excellent value to customers.


For further information, please contact:

Sir Nigel Mobbs, Slough Estates
01753 537171

Andrew Best / Emily Bruning, Shared Value Ltd
Tel: [phone]