Result of Bonds Tender Offers

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OR IN OR INTO OR TO ANY
PERSON LOCATED OR RESIDENT IN THE REPUBLIC OF ITALY.

                   Announcement of Results of Tender Offers                    

                                in relation to                                 

                                Invitations by                                 

                                   SEGRO PLC                                   

     to the holders of the following series of bonds issued by Brixton plc     

         £275,000,000 6.00 per cent. Bonds due 2010 (the "2010 Bonds")         
         £150,000,000 5.25 per cent. Bonds due 2015 (the "2015 Bonds")         
         £210,000,000 6.00 per cent. Bonds due 2019 (the "2019 Bonds")         
                 (each a "Series" and, together, the "Bonds")                  

           to tender their Bonds for purchase by SEGRO plc for cash            

                           (together, the "Offers")                            

On 9 July 2009, SEGRO plc (the "Offeror") announced the Offers to the holders
of the outstanding Bonds to tender their Bonds for purchase by the Offeror
subject to the terms and conditions set forth in the tender offer memorandum
relating to the Offers (the "Tender Offer Memorandum"). As of the Expiration
Deadline of the Offers at 4.00 p.m. (London time) on Tuesday, 25 August 2009,
the results of the Offers were as follows:

                         Outstanding                      Early                            Series   
               ISINs/      Principal      Purchase       Tender              Total     Acceptance 
         Common Codes         Amount      Price(1)       Fee(2)   Consideration(3)         Amount   
                                                                                
2010    XS0094899241/   £275,000,000  99 per cent.  1 per cent.      100 per cent.   £257,728,000     
Bonds       009489924                                                             
                                                                                
2015    XS0231216549/   £145,000,000  74 per cent.  1 per cent.       75 per cent.     £5,731,000 
Bonds       023121654                                                             
                                                                                
2019    XS0179346274/   £210,000,000  72 per cent.  1 per cent.       73 per cent.       £994,000  
Bonds        17934627                                                                                
                                                                       

(1) As a percentage of the principal amount of Bonds validly tendered and
    accepted for purchase.

(2) As a percentage of the principal amount of Bonds validly tendered and
    accepted for purchase prior to 4:00 p.m. (London time) on Tuesday, 28 July
    2009.

(3) Payable in respect of Bonds validly tendered and accepted for purchase
    prior to 4:00 p.m. (London time) on Tuesday, 28 July 2009.

The Purchase Price, together with the applicable Accrued Interest Payment and,
if applicable, the Early Tender Fee will be paid to Bondholders whose Bonds
have been accepted for purchase on the Settlement Date, which is expected to be
28 August 2009.

Requests for information in relation to the Offers should be directed to:

The Dealer Managers

J.P. Morgan Securities Ltd.             UBS Limited                            
125 London Wall                         1 Finsbury Avenue                      
London EC2Y 5AJ                         London EC2M 2PP                        
United Kingdom                          United Kingdom                         
                                                                               
Telephone: [phone]         Telephone: [phone]        
Attention: Sebastien Bamsey - Liability Attention: Liability Management Group -
Management                              Mark T Watkins                         
Email: [e-mail]  Email: [e-mail]          
                                                                               
Telephone: [phone]         Telephone: [phone]        
Attention: Marc Lewell - Syndicate      Attention: Barry Donlon - Syndicate    
Email: [e-mail]         Email: [e-mail]            

or

The Tender Agent

Lucid Issuer Services Limited
Leroy House
436 Essex Road
London N1 3QP
United Kingdom

Telephone: [phone]
Fax: [phone]
Attention: Sunjeeve Patel / Yves Theis
Email: [e-mail]

This announcement must be read in conjunction with the Tender Offer Memorandum.

The information contained herein is for informational purposes only and does
not constitute an offer to purchase any securities or the solicitation of an
offer to sell any securities.