New Lettings

Slough Estates PLC
22 March 2006


                    SLOUGH ESTATES EXTENDS EUROPEAN FOOTPRINT:
  SIGNS OVER 100,000 sq m OF NEW LEASES ACROSS EUROPE SINCE THE BEGINNING OF 
                                      2006

Slough Estates International ('SEI') has signed 101,619 sq m of new leases 
across its European network since the beginning of 2006, in line with its 
strategy to extend its presence in Europe.

Central Europe - Poland

In a very encouraging start for SEI in Central Europe, the company has agreed 
to develop a new 43,000 sq m warehouse and production facility in Central Europe
for a substantial American manufacturer, which cannot be named due to client
confidentiality. Delivery is expected in September 2006. This is SEI's largest
ever pre-let in Europe and one of the biggest in the Polish market and is a 
firm indication of SEI's intent in the region.

Belgium

SEI and joint venture partner KBC Vastgoed, have signed a lease on the Rumst
Logistics Park, situated off the E19 motorway which connects Antwerp with
Brussels, with Cummins Fleetguard, the filtration subsidiary of Cummins Inc
('Cummins'), the global engineering firm.

Cummins-Fleetguard has entered into a 12-year lease with a break at year 9 on
the existing 9,745 sq m unit and a guaranteed 4,952 sq m extension for delivery 
in 2008. The warehouse facility at Rumst will be used for the storage and
distribution of heavy duty diesel engine filters. This letting is the first on
the Rumst Logistics Park, significantly raising the profile of the development
as a prime logistics location.

France

SEI has signed a new 6 year firm lease with Procter and Gamble on 8,850 sq m at
its property at Bondoufle, to the south of Paris. SEI has accepted an early
surrender of the lease from the current tenant and will undertake some
refurbishment works for Procter and Gamble.

At the Marly Logistics Park, which provides 110,000 sq m of warehousing to the
north of Paris, SEI has signed a new 3/6/9 year lease with Logista on a 24,500 
sq m warehouse.

Germany

SEI has also signed 10,572 sq m of new leases across its German portfolio since
the beginning of the year. The majority of this take up has been through three
lettings:

• Dachser, a leading European logistics provider, has taken a new lease
  on 5,756 sq m at Monchengladbach Krefelder Strasse, near Dusseldorf, at an 
  annual rent of €221,028 per annum. The transaction has facilitated the 
  refurbishment and extension of the rest of the property.

• Moletherm has taken a new lease on 1,688 sq m at Neuss, near
  Dusseldorf, at an annual rent of €150,912 per annum.

• Apex Brazil, has taken a lease on 1,216 sq m at Frankfurt Silostrasse at
  a rent of €101,000 per annum.


Walter Hens, Managing Director SEI Europe said:

'We continue to make significant progress, in line with our stated strategy of
increasing our European footprint. These deals announced today demonstrate the
business has delivered an excellent start to the year and reflects stronger
demand for our logistic, suburban office and light industrial products in
strategic locations.'


Maitland                                              Tel: [phone]
Colin Browne/Liz Morley/Peter Ogden


Notes to editors

Slough Estates plc
(Listed on the London Stock Exchange - stock code: SLOU.L)

Slough Estates is a leading provider of flexible business space in business
parks in Western Europe and North America, with over 1500 customers occupying
approximately 3m square metres of business space (as at Interim results, August
2005). Slough Estates' properties are in suburban locations in close proximity
to the main business centres, where there is long term demand for business
accommodation to serve these key economic regions.

The company's main activities are currently based around London, Brussels,
Paris, Dusseldorf, Amsterdam, San Francisco and San Diego and the company
continues to develop new business parks with the long term objective of 
building shareholder value and enhancing its reputation for quality buildings 
offering excellent value to customers. Elsewhere in Continental Europe, Slough 
Estates International's main interests are in Belgium, Germany, France, The 
Netherlands, the Czech Republic, Hungary and Poland.

www.sloughestates.com








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