Director Shareholding

Slough Estates PLC
20 December 2004


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1. Name of company

Slough Estates plc

2. Name of director

R D Kingston

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest

In respect of a director

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

R D Kingston

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)



6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

Exercise of Options: 61,392 @ £3.52 (granted on 27 March 2000)
                     24,796 @ £3.125 (granted 31 March 1999)
                     10,665 @ £4.0366 (granted on 3 April 1998)

7. Number of shares / amount of stock acquired

96,853

8. Percentage of issued class



9. Number of shares/amount of stock disposed

96,853

10. Percentage of issued class



11. Class of security

Ordinary shares of 25p

12. Price per share

£5.1175

13. Date of transaction

20 December 2004

14. Date company informed

20 December 2004

15. Total holding following this notification

60,325

16. Total percentage holding of issued class following this notification




If a director has been granted options by the company please complete the
following boxes.


17. Date of grant




18. Period during which or date on which exercisable




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




20. Description of shares or debentures involved: class, number




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




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




23. Any additional information




24. Name of contact and telephone number for queries

Val Lynch - 01743 213421


25. Name and signature of authorised company official responsible for making
this notification




Date of Notification

20 December 2004


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