Completion of Sale to Scottish & Southern E...

7 January 2008

COMPLETION OF SALE OF SEGRO'S POWER GENERATION PLANT IN SLOUGH TO SCOTTISH AND 
                              SOUTHERN ENERGY PLC                              

SEGRO plc, the leading provider of Flexible Business Space in Europe, today
confirms the completion of the sale of its interests in the power generation
operation in Slough (Slough Heat & Power - "SH&P") to Scottish and Southern
Energy plc ("SSE"), one of the largest energy companies in the UK. This
proposed transaction was announced on 14 November 2007.

The sale was completed on 31st December 2007 for a total cash consideration of
£49.25m.

SEGRO was advised on this transaction by KPMG Corporate Finance and by Nabarro.


Further information:

For SEGRO Investors/Analysts and Corporate Media Contacts   

SEGRO                     [phone]           Michael Waring           
Maitland                  [phone]           Colin Browne             

   
For Slough Trading Estate and Slough area Media Contacts  

FD Tamesis                + 44 20 7269 9360          Vicky Wallin             


About SEGRO

SEGRO is the leading provider of Flexible Business Space in Europe.
Headquartered in the UK, SEGRO is listed on the London Stock Exchange and on
Euronext in Paris. The company is a UK Real Estate Investment Trust ("REIT")
with operations in ten countries (it completed the exit from its US business in
August 2007), serving a diversified customer base of over 1,600 customers
operating in a wide range of sectors, representing both small and large
businesses, from start ups to global corporations. With investment property
assets of £5.1 billion (including trading properties and development assets)
and 3.9 million sq m of business space, SEGRO has an average lease length to
expiry of 8.6 years and an annual rental income is excess of £200m. 
www.segro.com