Disposal

Slough Estates PLC
                  

Slough Estates exits Canada with C$80m sale

Slough Estates plc, a leading provider of flexible business space, today
announces the sale of its 50% interest in Willingdon Park, Vancouver, to its
partner, Hospitals Of Ontario Pension Plan, for C$80m.

Willingdon Park is a quality office development, well placed for Vancouver's
city centre, which Slough Estates has successfully developed over the last 15
years, so that today the Park has a rental income of C$6 million per annum.

Ian Coull, Chief Executive said: 'The sale of Willingdon Park completes Slough
Estates' exit from Canada, in line with the company's strategy to refocus its
North American business. The sale proceeds will be recycled into new
healthscience property developments in Southern California where we believe
there are excellent prospects in the medium term. The price achieved for
Willingdon Park of C$80 million showed a 12.2% surplus above the previous
year-end valuation, and this uplift was recognised in Slough Estates' half-year
valuation. '

For further information contact:


Slough Estates plc                                    Shared Value Limited
Ian Coull, Chief Executive                            Andrew Best
Dick Kingston, Finance Director                       Emily Bruning
Tel: [phone]                                     Tel: [phone] / 5027


Slough Estates is a leading provider of flexible business space in business
parks in Western Europe and North America; with over 1700 customers occupying
2.9 million square metres of business space, with a total value of £3.6 billion.
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, Düsseldorf, 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.

www.sloughestates.com