Directorate Change

30 September 2008

                          Management Changes at SEGRO                          

SEGRO plc, the leading provider of Flexible Business Space in Europe, has
announced that Walter Hens, Director of Group Business Development, will be
retiring at the end of the year after twenty years service at SEGRO. Ian Coull,
Chief Executive of SEGRO, said: "Walter has made an immense contribution to the
development of SEGRO across Europe, initially as country head for Belgium and
subsequently as CEO of Continental Europe and then Group Business Development
Director. In the last few years, Walter has been instrumental in driving the
growth of our European business. We are extremely grateful for everything he
has done."

Inès Reinmann, who heads Continental Europe for SEGRO is to join the SEGRO
Board with effect from 1 November 2008. Ian Coull said: "We are delighted to
welcome Inès to the Board. Since joining SEGRO at the end of last year, she has
led with great success the further development of the SEGRO portfolio across
Continental Europe, which now accounts for more than 34%, by value, of the
Group's total property portfolio."

SEGRO has also announced that it is devolving to its two main operating
businesses a number of activities and services that were previously managed at
the centre. The two businesses are UK, headed by Ian Sutcliffe, Managing
Director, and Continental Europe, headed by Inès Reinmann, Managing Director.

Ian Coull, Chief Executive, said: "We have spent the last few years
successfully transforming SEGRO into the leading provider of flexible business
space in Europe. We now have two strong, well balanced businesses, with high
quality management in place. We believe that these businesses, with their
intimate knowledge of their markets and their customer relationships, are well
placed to drive the business forward. The changes we are making are designed to
ensure that we operate as efficiently and effectively as possible, with a small
focused corporate centre.

Director Declaration

In accordance with LR 9.6.13, Inès Reinmann was formerly a director of Icade
and Icade Empg until September 2007. There is no further information to be
disclosed pursuant to Rule 9.6.13 of the Listing Rules in respect of Inès
Reinmann.

For further information please contact:

Maitland                  Tel: + 44 207 379 5151     Colin Browne              

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, serving a diversified customer base of 1,700
customers operating in a wide range of sectors, representing both small and
large businesses, from start-ups to global corporations. With property assets
of £5.1 billion and around 5.0 million sq m of business space, SEGRO has an
annual rent roll of approximately £290 million - these metrics include trading
properties, development assets and the Group's share of joint ventures. 
www.segro.com

                                                                               
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