Bond documentation amendments

Slough Estates PLC
21 October 2005

21 October 2005



Slough Estates completes Documentation Amendments for the following Bonds:



£125 million 7 1/8% 2010

£150 million 6 1/4% 2015

£150 million 7% 2022

£225 million 6 3/4% 2024





Following undertakings given in the Bond Exchange Memorandum dated the 10th May
2005 Slough Estates announces it has today executed Supplemental Trust Deeds
changing the terms and conditions of the above bonds to now include:



1.      An investor put option at par in the event that Slough Estates plc was
to ever suffer a credit rating downgrade to 'Sub Investment Grade' due to any
future change in ownership.



2.      An undertaking to provide investors with an annual business update.



All of the Company's outstanding public sterling bonds now include these terms.






Contact:                              Trevor Mant
                                      Group Treasurer
                                      01753-213389






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