Disposal

26 February 2009

SEGRO announces the sale of the 'Reflets Defense' office building in Nanterre, 
                               France for €23.1m                               

SEGRO plc, the leading provider of flexible business space in Europe, announces
the sale of its 'Reflets Defense' office building to Silic for €23.1m,
representing a yield of 6.75%.

The building is situated in Nanterre in the immediate vicinity of Paris and is
let to the Conseil Général des Hauts de Seine. It encompasses a built area of
5,804 sq m comprising 3,939 sq m of offices and 1,865 sq m of laboratories.

Inès Reinmann, SEGRO's Managing Director for Continental Europe said,

"This latest disposal is further evidence of SEGRO's ability to actively manage
its assets. We are delighted to have completed this deal at an attractive price
in a difficult market. We will continue our strategy of recycling our portfolio
when we believe the opportunities are right for us."

For further information please contact:

SEGRO                      [phone]           Tamarin Shore            
                                                                               
Maitland                   [phone]           Colin Browne             
                                                      Liz Morley               

About SEGRO
SEGRO is the leading provider of Flexible Business Space in Europe.
Headquartered in the UK, SEGRO is listed on the London Stock Exchange and on
Euronext in Paris. The Company is a UK Real Estate Investment Trust (REIT) with
operations in ten countries, serving a diversified base of 1,700 customers
operating in a wide range of sectors, representing both small and large
businesses, from start-ups to global corporations. With property assets of £5.1
billion as at 30 June 2008 and around 5.0 million sq m of business space, SEGRO
has an annual rent roll of approximately £290 million (Note: these metrics
include trading properties, development assets and the Group's share of joint
ventures).  www.SEGRO.com