Director Shareholding

Slough Estates PLC
19 April 2001


Letter to Company Announcements Office

We have just been advised by the Trustees of the Slough Estates plc 1994
Employee Benefit Trust (the 'Trust') that 109,665 shares were released to
participants under the terms of the Company's Long Term Incentive Plan.  The
Trustees sold on 19 April 2001 a total of 43,192 ordinary shares, at a price of
390p per ordinary share to meet the tax liabilities of the participants. 
Details of the number of ordinary shares released to each director are set out
below:

Name                    No. of Shares          No. of Shares          Net
                          Released                  Sold

Sir Nigel Mobbs            29,534                  11,859          17,675
D R Wilson                 20,056                   8,053          12,003
J A N Heawood               8,186                   3,286           4,900
R D Kingston                8,501                   3,413           5,088
M D Lees                   10,876                   4,367           6,509
D E F Simons                7,871                   3,160           4,711


Each director's total shareholding is now:

Name                    No. of Shares

Sir Nigel Mobbs            504,589
D R Wilson                 128,414
J A N Heawood               18,211
R D Kingston                24,437
M D Lees                    33,157
D E F Simons                96,130

The holding of the Trustees in ordinary shares following the release of ordinary
shares is 556,172 in which the following directors are all interested in as
potential beneficiaries under the terms of the Trust.

Name

Sir Nigel Mobbs      up to a maximum of   94,575     
D R Wilson           up to a maximum of  111,809        
J A N Heawood        up to a maximum of   50,959       
R D Kingston         up to a maximum of   53,160       
M D Lees             up to a maximum of   65,762      
D E F Simons         up to a maximum of   43,989

Letter from  J R Probert
             Company Secretary