COO Europe Appointment

SEGRO PLC                                   

                    APPOINTMENT OF CHIEF OPERATING OFFICER                     

                              CONTINENTAL EUROPE                               

 

SEGRO announced today the appointment of Inès Reinmann to the new position of
Chief Operating Officer of its business in Continental Europe. Inès Reinmann is
currently the head of the Commercial Property Division of ICADE, a major
corporation in the European property market. Until its recent merger with ICADE
she was also CEO of ICADE EMGP, a subsidiary of ICADE which owns and manages
business parks and a range of other commercial buildings and services.

Inès Reinmann began her career with the Dumez construction group. She joined
the Bouygues construction company as Development Manager and continued her
career at Coprim (commercial and residential real estate) for over ten years
during which time she held senior management positions with responsibility for
development, operations and corporate real estate. In 2000 she joined ICADE as
managing director and subsequently CEO of Icade Tertial (developer); in 2004
she became the Business Property Market Director at Icade and in 2005 the CEO
of ICADE EMGP. She has a degree in real estate law and a master's degree in
business law.

Inès Reinmann will take up this role at the end of October. She will be a
member of SEGRO's Executive Committee and will report directly to SEGRO CEO Ian
Coull.

This new role was one of a number of key organisational changes and senior
level management developments announced by SEGRO on 14 September, aimed at
further accelerating growth and driving performance. A particularly important
move in this reorganisation was the establishment of a new Group Business
Development function, building on growth in market segments where the strength
of relationships with major customers has been key to success. The Group
Business Development function is now being led by Walter Hens. In his role as
Managing Director of Continental Europe, Walter's track record for delivering
successful major deals has been amongst the best in the industry - these skills
are now being deployed at a Group level, in all of our operations right across
the UK and Continental Europe.

CEO of SEGRO, Ian Coull said
"I am delighted to welcome Inès to SEGRO. Her outstanding career in the French
property industry and in particular her achievements in the industrial and
business park sector make her an excellent choice for this key role at an
exciting time in the expansion of our business in Continental Europe. This new
role will play a central part in meeting these challenges.

Walter Hens has been responsible for some of SEGRO's most important and
successful transactions and has established relationships with many of our
largest customers across Europe. I am delighted that he has agreed to take up
this important new group role in which he will be working closely with SEGRO's
UK and Continental European management teams."

Inès Reinmann said
"The European property industry has taken note of the scale of SEGRO's
successful expansion in Continental Europe. With operations in ten countries,
an active acquisition programme and a development pipeline of well over one
million square metres, SEGRO's growth on the Continent continues apace and I am
very much looking forward to being a part of the next chapter in the SEGRO
story."

                                     ENDS                                      

For further information contact:

The Maitland Consultancy
Colin Browne,    Tel: [phone]

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 around 3.9 million sq m of business space, SEGRO has an annual rental
income in excess of £200 million. www.segro.com

The Continental European business has a gross land area of over 600 hectares,
developed business space of 1.4 million sq m, over 110 property holdings, a
rent roll of £42.9 million per annum and includes £0.9 billion of property
(including land and trading properties). The business focus covers the full
range of Flexible Business Space products. 69% of SEGRO's development pipeline
is located within Continental Europe with approx. another £700m of forecast
future costs to completion.

France is the largest of SEGRO's Continental European key markets by space,
accounting for 31% of its Investment Portfolio; this comprises 369,395 sq. m of
space and 98 hectares of land. SEGRO's largest European holdings include Marly
La Ville; Cergy Pointoise; Blanc Mesnil and La Courneuve, all located within
Paris.