Director/PDMR Shareholding

Slough Estates PLC
10 May 2006


NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).

 (1)  An issuer making a notification in respect of a transaction relating to
      the shares or debentures of the issuer should complete boxes 1 to 16, 23
      and 24.
 (2)  An issuer making a notification in respect of a derivative relating to the
      shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23
      and 24.
 (3)  An issuer making a notification in respect of options granted to a
      director/person discharging managerial responsibilities should complete
      boxes 1 to 3 and 17 to 24.
 (4)  An issuer making a notification in respect of a financial instrument
      relating to the shares of the issuer (other than a debenture) should
      complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.


Please complete all relevant boxes in block capital letters.


1. Name of the issuer

SLOUGH ESTATES PLC

....................................


2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as
extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)


....................................


3. Name of person discharging managerial responsibilities/director

J PEBWORTH

....................................


4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person


....................................


5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest

J PEBWORTH

....................................


6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares

ORDINARY SHARES OF 25 PENCE EACH

....................................


7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them


....................................


8 State the nature of the transaction

EXECUTIVE SHARE OPTION EXERCISE

....................................


9. Number of shares, debentures or financial instruments relating to shares
acquired


....................................


10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)


....................................


11. Number of shares, debentures or financial instruments relating to shares
disposed


....................................


12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)


....................................


13. Price per share or value of transaction


....................................


14. Date and place of transaction


....................................


15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)


....................................


16. Date issuer informed of transaction


....................................


If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes


17. Date of grant

8 MAY 2006

....................................


18. Period during which or date on which it can be exercised

20 MARCH 2006

....................................


19. Total amount paid (if any) for grant of the option

....................................


20. Description of shares or debentures involved (class and number)

ORDINARY SHARES OF 25 PENCE EACH

....................................


21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at the time of exercise

356.5 PENCE EACH AND 290 PENCE EACH

....................................


22. Total number of shares or debentures over which options held following
notification

15,276

....................................


23. Any additional information


....................................


24. Name of contact and telephone number for queries

ANNE-MARIE NORMAN

....................................


Name and signature of duly authorised officer of issuer responsible for making
notification

ANNE-MARIE NORMAN (COMPANY SECRETARIAL ASSISTANT)

01753213414

....................................


Date of notification

10 MAY 2006

....................................

END



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