Director Shareholding

Director Shareholding 

    LONDON--(BUSINESS WIRE)--May 9, 2003--

                              SCHEDULE 11
     NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

All relevant boxes should be completed in block capital letters.
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1. Name of company                                       2. Name of director

   Slough Estates plc                                       R D KINGSTON

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3. Please state whether notification indicates that      4. Name of the registered holder(s) and, if more than one
   it is in respect of holding of the shareholder           holder, the number of shares held by each of them (if
   named in 2 above or in respect of a                      notified)
   non-beneficial interest or in the case of an
   individual holder if it is a holding of that             R D KINGSTON
   person's spouse or children under the age of 18
   or in respect of an non-beneficial interest

   In respect of a director

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5. Please state whether notification relates to a        6. Please state the nature of the transaction. For PEP
   person(s) connected with the director named in 2         transactions please indicate whether general/single
   above and identify the connected person(s)               co PEP and if discretionary/non discretionary/non
                                                            discretionary

                                                            Exercise of Savings Related Share Option Scheme

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7. Number of              8. Percentage of issued        9. Number of shares/amount   10. Percentage of issued class
   shares/amount of          class                          of stock disposed
   stock acquired

   12,112                    0.002%
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11. Class of security    12. Price per share            13. Date of transaction       14. Date company informed

    Ordinary shares          160.99p                        8 May 2003                    8 May 2003
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15. Total holding following this notification           16. Total percentage holding of issued class following this
                                                            notification

    65,434 (including 7,866 registered in spouse's name)    0.013%
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If a director has been granted options by the company please complete the following boxes.
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17. Date of grant                                       18. Period during which or date on which exercisable


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19. Total amount paid (if any) for grant of the option  20. Description of shares or debentures involved: class,number


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21. Exercise price (if fixed at time of grant) or       22. Total number of shares or debentures over which options
    indication that price is to be fixed at time of         held following this notification
    exercise
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23. Any additional information                          24. Name of contact and telephone number for queries

                                                            R J M GREEN 01753 537171
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25. Name and signature of authorised company official responsible for making this notification
    R J M Green, ASSISTANT COMPANY SECRETARY

Date of notification: 9 May 2003
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   Short Name: Slough Estates PLC
   Category Code: RDS
   Sequence Number: 00004681
   Time of Receipt (offset from UTC): 20030509T104154+0100