Scrip Dividend Scheme - Application for Listing

SEGRO plc

5 May 2010

         The SEGRO plc Scrip Dividend Scheme - Application for Listing         

An application has been made to the Financial Services Authority and the London
Stock Exchange for a total of 7,084,490 Ordinary Shares of 10p each to be
admitted to the Official List. It is expected that admission will be granted on
6 May 2010 with dealings commencing on the same day. The shares are being
issued in connection with the SEGRO plc Scrip Dividend Scheme. When issued,
these shares will rank pari passu with the existing Ordinary Shares.

Application is also being made for these shares to be admitted to Euronext
Paris. It is expected that admission will be granted on 7 May 2010 with
dealings commencing on the same day.

Details of the Scheme can be found in the Scrip Dividend Scheme Booklet which
is available from the Company's website (www.SEGRO.com) and has been submitted
to the FSA to be made available at:

Document Viewing Facility

25 The North Colonnade

Canary Wharf

London

E14 5HS

For further information please contact:

SEGRO          [phone]        Iain Hamilton