Director Shareholding

Slough Estates PLC
25 April 2002


LETTER TO: RNS

Slough Estates plc

We have just been advised by the Trustees of the Slough Estates plc 1994
Employee Benefit Trust (the 'Trust') that 145,972 shares were released to
participants under the terms of the Company's Long Term Incentive Plan. The
Trustees sold on 25 April 2002 a total of 67,418 ordinary shares, at a price of
410p per ordinary share to meet the tax liabilities of the participants.
Details of the number of ordinary shares released to each director are set out
below:

    Name                No. of Shares     No. of Shares     Net
                        Released          Sold    
               
    
    Sir Nigel Mobbs     39,533            10,000            29,533
    D R Wilson          26,430            26,430                 -
    J A N Heawood       11,295             4,528             6,767
    R D Kingston        11,295             4,528             6,767
    M D Lees            14,742             5,911             8,831
    D E F Simons        10,165             4,075             6,090
 

Each director's total shareholding is now:
 
   Name                                  No. of Shares

   Sir Nigel Mobbs                       552,234
   D R Wilson                            141,240
   J A N Heawood                          24,486
   R D Kingston                           37,459
   M D Lees                               41,988
   D E F Simons                          104,332
 
The holding of the Trustees in ordinary shares following the release of ordinary
shares is 598,274 in which the following directors are all interested in as
potential beneficiaries under the terms of the Trust.
 
   Name

   Sir Nigel Mobbs            up to a maximum of 80,167 
   D R Wilson                 up to a maximum of 129,976
   J A N Heawood              up to a maximum of 60,769
   R D Kingston               up to a maximum of 63,975
   M D Lees                   up to a maximum of 78,818
   D E F Simons               up to a maximum of 33,824


LETTER FROM: SLOUGH ESTATES PLC


                      This information is provided by RNS
            The company news service from the London Stock Exchange