Successful Placing of Rights Issue Rump

SEGRO plc

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES, JAPAN, THE REPUBLIC OF SOUTH AFRICA,
CANADA, SINGAPORE OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

       SEGRO plc (the "Company") Successful Placing of Rights Issue Rump       

The Company announced previously that, as at 11.00am on 6 April 2009, being the
last date of receipt of valid subscriptions, it had received valid acceptances
in respect of 4,992,775,961 New Ordinary Shares, representing approximately
95.27% of the total number of New Ordinary Shares offered to Shareholders
pursuant to the 12 for 1 Rights Issue announced on 4 March 2009.

The Company confirms that, in accordance with their underwriting obligations in
respect of the Rights Issue, Merrill Lynch International and UBS Limited, as
joint bookrunners, have successfully procured subscribers for the remaining
247,874,743 New Ordinary Shares to be issued pursuant to the Rights Issue, for
which valid acceptances were not received, at a price of 19.5 pence per New
Ordinary Share.

The net proceeds from the sale of these New Ordinary Shares, after deduction of
the Issue Price of 10 pence per New Ordinary Share and relevant costs
(including any related brokerage and commissions and amounts in respect of VAT
which are not recoverable) will be paid to those Shareholders whose rights have
lapsed in accordance with the terms of the Rights Issue, pro rata to their
lapsed provisional allotments, save that individual amounts of less than £5.00
will not be so paid but retained for the Company's own benefit.

Defined terms in this announcement shall have the same meanings as in the
Prospectus dated 4 March 2009, unless the context requires otherwise.

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Contact:

David Sleath, Group Finance Director                 Tel: [phone]
Tamarin Shore                                        Tel: [phone]
                                                                             
Colin Browne/Lis Morley, Maitland                    Tel: [phone]

Disclaimer:

This announcement is not a prospectus but an advertisement and investors should
not subscribe for any New Ordinary Shares referred to in this announcement
except on the basis of the information contained in the Prospectus.

Neither the content of the Company's website nor any website accessible by
hyperlinks on the Company's website is incorporated in, or forms part of, this
announcement.

This announcement shall not constitute or form part of any offer or invitation
to sell or issue, or any solicitation of any offer to acquire, any New Ordinary
Shares or entitlements to New Ordinary Shares to any person in any jurisdiction
to whom or in which such offer or solicitation is unlawful. Distribution of
this announcement and/or the transfer of New Ordinary Shares into jurisdictions
other than the United Kingdom may be restricted by law. These materials are not
for distribution, directly or indirectly, in whole or in part, in or into the
United States (including its territories and dependencies, any state of the
United States and the District of Columbia). Persons into whose possession this
announcement comes should inform themselves of and observe any such
restrictions. Any failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.

This announcement does not constitute or form a part of any offer or
solicitation to purchase or subscribe for securities in the United States. The
New Ordinary Shares have not been and will not be registered under the United
States Securities Act of 1933 (the "Securities Act"), as amended, or under any
securities laws of any state or other jurisdiction of the United States and may
not be offered, sold, taken up, exercised, resold, renounced, transferred or
delivered, directly or indirectly, within the United States except pursuant to
an applicable exemption from the registration requirements of the Securities
Act and in compliance with any applicable securities laws of any state or other
jurisdiction of the United States. The New Ordinary Shares have not been
approved or disapproved by the US Securities and Exchange Commission, any
state's securities commission in the United States or any US regulatory
authority, nor have any of the foregoing authorities passed upon or endorsed
the merits of the offering of the New Ordinary Shares or the accuracy or
adequacy of this announcement. There will be no public offer of these
securities in the United States.

The New Ordinary Shares have not been and will not be registered under the
securities laws of (and there will be no public offer in) Canada, Singapore,
Japan, the Republic of South Africa or any jurisdiction where to do so would
breach any applicable law, and may not be offered, sold, taken up, exercised,
resold, renounced, transferred or delivered, directly or indirectly, within
such jurisdictions except pursuant to an applicable exemption from and in
compliance with any applicable securities laws.

Merrill Lynch International, Lazard & Co., Limited, and UBS Limited are acting
for the Company and no one else in connection with the Rights Issue and will
not regard any other person (whether or not a recipient of this document) as a
client in relation to the Rights Issue and will not be responsible to anyone
other than the Company for providing the protections afforded to their
respective clients or for providing advice in relation to the Rights Issue or
any matters referred to in this document.