Disposal

26th June 2008

                SEGRO ANNOUNCES £92M BATH ROAD RETAIL PARK SALE                

          - Slough-based retail asset acquired by The Crown Estate -           


SEGRO plc, the leading provider of flexible business space in Europe, has
agreed and completed the sale of Bath Road Retail Park, Slough, to The Crown
Estate for £92m.

The deal, which reflects an initial yield of 5.5 per cent, encompasses 18,068
sq m (194,485 sq ft) of A1 consented retail space, along with 626 car parking
spaces.

Located within the south west corner of SEGRO's Slough Trading Estate, the
retail park is currently occupied by ten national retail chains, including
Next, JJB Sports, Mothercare, Argos and B&Q Warehouse. In total, the asset
provided an income of £5.3m, based on current rental levels that range from 
£21.25 to £37.50 per sq ft.

Kevin O'Connor, Director of SEGRO's Slough Trading Estate said:

"As a non-core activity, the divestment of the retail park will enable the
Trading Estate's management team to meet its stated objective of concentrating
on its core assets and the provision of flexible business space. This is a good
move for us and following the December 2007 sale of the Slough Heat and Power
plant, our operations on the Slough Trading Estate have become significantly
more focused - this is important as we look towards the longer term development
of the Slough Trading Estate."

                                   - ENDS -                                    

For further information please contact:

For SEGRO Investors/Analysts and Corporate Media Contacts                      
                                                                               
SEGRO                     Tel: [phone]      Michael Waring            
                          Tel: [phone]                                
                                                                               
Maitland                  Tel: + 44 207 379 5151     Colin Browne / Liz Morley 
                                                                               
For Slough Trading Estate and Slough area Media Contacts                       
                                                                               
FD Tamesis                + 44 20 7269 9360          Vicki Wallin              
                                                                               
The Crown Estate          [phone]           Andrew Payne              


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 (it completed the exit from its US business in
August 2007), serving a diversified customer base of over 1,600 customers
operating in a wide range of sectors, representing both small and large
businesses, from start ups to global corporations. With property assets of £5.2
billion (including trading properties and development assets) and around 4.7.
million sq m of business space, SEGRO has an annual rental income in excess of
£249 million. www.segro.com