Scrip Calculation Price

Scrip Dividend Scheme - Scrip Calculation Price

SEGRO plc (the Company) Scrip Dividend Scheme - Scrip Calculation Price

On 25 February 2015, the Company announced that, subject to shareholder
approval at its 2015 Annual General Meeting, the Scrip Dividend Scheme will be
reintroduced. The Board has recommended a Final Dividend of 10.2 pence per
share (to be paid entirely as a Property Income Distribution) to shareholders
and the Scrip Dividend Scheme will be offered in respect of this payment.

The Scrip Calculation Price which will be used in determining the number of New
Ordinary Shares is 420.84 pence. It has been determined by the average of the
closing middle market quotations of the Company's ordinary shares as derived
from the London Stock Exchange Daily Official List over the five dealing days
commencing on and including the ex-dividend date of 26 March 2015.

The application deadline for applying for the Scrip Dividend Scheme is 5.00 pm
(London time) on 14 April 2015.

A timetable of key events is provided below.

Ex-dividend date                        26 March 2015                          
                                                                               
Scrip Calculation Price determined      26 March 2015 to 1 April 2015          
                                        (inclusive)                            
                                                                               
Record Date                             27 March 2015                          
                                                                               
Scrip Calculation Price announced       2 April 2015                           
                                                                               
Mandate delivery deadline               5.00 pm on 14 April 2015               
                                                                               
Annual General Meeting                  29 April 2015                          
                                                                               
2014 Final Dividend Payment Date        8 May 2015                             
                                                                               
Expected Date of admission and first    8 May 2015                             
day of dealings in New Ordinary Shares                                         
on the London Stock Exchange                                                   

The Scrip Dividend Scheme Booklet is available from www.segro.com.

Further queries on the Scrip Dividend Scheme should be directed to the
Company's Registrar, Equiniti on 0871 384 2186 (in the UK) or [phone]
0141 (outside the UK)


Elizabeth Blease
General Counsel and Group Company Secretary
020 7451 9081