Special Dividend & Share Consolidation

20 August 2007

SEGRO PLC SPECIAL DIVIDEND AND SHARE CONSOLIDATION FOLLOWING COMPLETION OF THE 
                        DISPOSAL OF SLOUGH ESTATES USA                         

Following SEGRO plc's ("SEGRO") announcement of 2 August 2007 regarding the
completion of the disposal of Slough Estates USA Inc. ("Slough Estates USA"),
the Share Consolidation of SEGRO has become effective and SEGRO's New Ordinary
Shares are expected to be admitted to the Official List of the Financial
Services Authority and Eurolist of Euronext Paris S.A. and commence trading at
8.00am today (UK time).

Further details of the Special Dividend are contained in the circular to
Shareholders dated 6 July 2007 (the "Circular"). Payment of the Special
Dividend, despatch of cheques for fractional entitlements and despatch of
certificates for New Ordinary Shares in Certificated Form is expected to take
place on 31 August 2007.

On admission, a total of 435,989,673 New Ordinary Shares of 27 1/12 pence each
will be admitted to trading (consolidated from 472,322,146 issued ordinary
shares of 25 pence each in the capital of SEGRO as at close on 17 August 2007).
Each New Ordinary Share carries the right to one vote in relation to all
circumstances at general meetings of the company. SEGRO will not hold any New
Ordinary Shares in Treasury.

The above figure, 435,989,673 New Ordinary Shares, may be used by shareholders
in the company as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the share capital of the Company under the Financial Service
Authority's Disclosure and Transparency Rules.

In addition, SEGRO announces that it has made a block listing application for
3,605,014 New Ordinary Shares of 27 1/12 pence. These represent the existing
block listed and unissued shares which may fall to be issued under SEGRO's
share schemes following the Share Consolidation.

The block listings consist of 325,679 shares under the 1994 Approved Executive
Share Option Scheme (No. 1), 846,967 under the 1994 Unapproved Executive Share
Option Scheme (No. 2), 29,167 under the 2002 Approved Executive Share Option
Plan, 1,367,481 under the 2002 Unapproved Executive Share Option Plan, 195,720
under the 1981 Savings Related Share Option Scheme and 840,000 shares under the
Employee Share Incentive Plan.

Unless stated otherwise, terms defined in the Circular have the same meaning in
this announcement.

For further information please contact:

SEGRO                     Tel: [phone]      John Probert              

This announcement is for information purposes only and does not constitute an
offer or invitation to acquire or dispose of any securities or investment
advice in any jurisdiction.

Overseas shareholders should inform themselves about and observe any applicable
legal or regulatory requirements. If you are in any doubt about your position,
you should consult your professional adviser in the relevant territory.

WHERE BUSINESS WORKS


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