Director/PDMR Shareholding

7 June 2006

Slough Estates plc

We have been advised by the Trustees of the Slough Estates plc 1994 Employee
Benefit Trust (the "Trust") that 147,619 shares were released to participants
under the terms of the Company's Long Term Incentive Plan. The Trustees sold on
6 June 2006 a total of 55,252 ordinary shares at a price of £5.87 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 sold             Net

I D Coull                71,937                   28,775          43,162

J A N Heawood            12,105                    4,842           7,263

R D Kingston             12,894                    5,158           7,736

M D Lees                 13,239                    5,296           7,943

S M Bailey                4,657                    1,863           2,794

J R Probert               3,690                    1,476           2,214

H E Rogers                3,947                    1,579           2,368

M Wilson                  4,046                    1,619           2,427

Each director's or PDMR's total shareholding is now as follows:-

Name                No of Shares

I D Coull                 72,055

J A N Heawood             71,683

R D Kingston              68,084

M D Lees                  61,379

S M Bailey                28,637

J R Probert               39,894

H E Rogers                 5,007

M Wison                   23,588

These figures include shares held by spouses and shares held on behalf the
directors by the Trustees of the Slough Estates plc share incentive plan

The holding of the Trustees in ordinary shares following the release of
ordinary shares is 1,762,673 in which the following directors are all
interested in as potential beneficiaries under the terms of the Trust.

Name

I D Coull up to a maximum of 286,928

J A N Heawood up to a maximum of 122,210

R D Kingston up to a maximum of 169,939

M D Lees up to a maximum of 129,290

S M Bailey up to a maximum of 56,071

J R Probert up to a maximum of 49,503

H E Rogers up to a maximum of 48,484

M Wison up to a maximum of 50,162

7 June 2006