Holding in Company

Slough Estates PLC
21 March 2001


By fax received today the Company has been notified by Legal & General
Investment Management Limited (Legal & General) that Legal & General have
decreased their interest to 12,332,374 ordinary shares of 25 pence each in the
Company, representing a current interest of 2.98% in the issued share capital
of the Company.

We are advised that this aggregate holding of 2.98% is as follows:

HSBC Global Custody Nominee (UK) Ltd a/c 886603    1,371,753
HSBC Global Custody Nominee (UK) Ltd a/c 775245    2,429,791
HSBC Global Custody Nominee (UK) Ltd a/c 360509      221,566
HSBC Global Custody Nominee (UK) Ltd a/c 357206    7,998,264
HSBC Global Custody Nominee (UK) Ltd a/c 866203      311,000

Total:                                            12,332,374