Slough Estates Reorganises Continental European

Slough Estates PLC
                  

SLOUGH ESTATES plc

       Slough Estates Reorganises Continental European Business

Slough Estates plc, a leading provider of flexible business space, today
announced the reorganisation of its Continental European operations. Slough's
European business will be run from Paris by a newly created role of Managing
Director, Europe. Previously Slough Estates' three businesses in Belgium, France
and Germany, reported separately to Dick Kingston, the Chairman of Europe, who
is based in London.

Walter Hens, who previously headed Belgium, is moving to Paris and will take up
the new position as Managing Director, Europe. He will take control of the day
to day management in Continental Europe and will report to Dick Kingston.

Walter Hens will have each Country Head reporting to him: Udo Titz will continue
to head up Germany, the company will be seeking a new country head of Belgium
and a new team will be established in Paris as David Fahie, who has represented
Slough Estates as its consultant in the Paris market, will be leaving the group
by the end of the year. Simon Hollins will head European Development, dividing
his time between Slough Estates' existing European business and developing
business in new territories across Europe.

Ian Coull, Chief Executive of Slough Estates, commented. ' At our interim
results two weeks ago we stated that we planned to grow our established position
in Continental Europe, as we see good opportunities for expanding our base in
industrial, logistics and suburban office markets across Europe. To meet these
ambitions Slough needed to streamline the management process and the appointment
of Walter Hens as Managing Director, Europe based in Paris will enable us to be
more responsive to the opportunities in the market.'

For further information contact:


Slough Estates plc                             Shared Value Limited
Ian Coull, Chief Executive                     Andrew Best
Dick Kingston, Finance Director                Emily Bruning
Tel: [phone]                              Tel: [phone] / 5027


Slough Estates is a leading provider of flexible business space in business
parks in Western Europe and North America, with over 1700 customers occupying
2.9 million square metres of business space, with a total value of £3.6 billion.
Slough Estates' properties are in suburban locations in close proximity to the
main business centres, where there is long term demand for business
accommodation to serve these key economic regions. The company's main activities
are currently based around London, Brussels, Paris, Düsseldorf, San Francisco
and San Diego and the company continues to develop new business parks with the
long term objective of building shareholder value and enhancing its reputation
for quality buildings offering excellent value to customers.

www.sloughestates.com