Capital Reorganisation

Slough Estates PLC
02 September 2003


Your Fax: [phone]

2 September, 2003


Slough Estates plc
Slough Estates House
234 Bath Road
Slough
SL1 4EE
Attn: Company Secretary



Disclosure of Interest in shares Under Section 198



Consequent upon a sale in the market of 60,000 shares on the 29 August 2003,
Legal & General Group Plc Companies are now the beneficial owners of the
following number of shares which are not subject to a concert party and will be
registered as follows:


Material Interest


HSBC Global Custody Nominee (UK) Ltd A/C 914945           151,848
HSBC Global Custody Nominee (UK) Ltd A/c 775245         1,871,491
HSBC Global Custody Nominee (UK) Ltd A/c 357206         9,358,482
HSBC Global Custody Nominee (UK) Ltd A/c 866203           565,600
HSBC Global Custody Nominee (UK) Ltd A/c 904332            35,000
HSBC Global Custody Nominees (UK) Ltd A/c 916681           21,700
HSBC Global Custody Nominees (UK) Ltd A/c 922437            1,200
HSBC Global Custody Nominee (UK) Ltd A/c 360509           486,666

                                                       -----------     -----
                                                       12,491,987      2.98%
                                                       ===========     =====


Please note that this percentage is based on our understanding that your issued
share capital is 418,894,476, which is the figure quoted by Exshare.


Please address any queries you may have to Julia Stone on 020 7528 6742.


Yours faithfully,




Julia Stone                          Kelly Spiteri
Group A Signatory                    Group B Signatory










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