Result of Conversion of Prefs

Slough Estates PLC
21 April 2006



Slough Estates plc (the 'Company')


21 April 2006


Result of redemption and final right of conversion of the Company's cumulative
redeemable convertible preference shares of 25p each ('Convertible Preference
Shares').

Further to the announcement on 22 March 2006 regarding the redemption and final
right of conversion of the Company's Convertible Preference Shares, the Company
announces that of the 127,043,056 Convertible Preference Shares in issue on 22
March 2006 it received valid notices to convert 123,653,928 of them into
45,850,010 ordinary shares of 25p each nominal value. Notices have been received
from holders of 5,203 Convertible Preference Shares for redemption of those
shares at a redemption price of £1.0117534 per Convertible Preference Share in
accordance with the terms of the circular sent to holders of the Convertible
Preference Shares on 22 March 2006.



The Company intends to serve notice under article 3.4(h) to enforce compulsory
conversion to the holders of, 3,383,925 Convertible Preference Shares
outstanding in respect of which no notice of conversion or redemption has been
received.










                      This information is provided by RNS
            The company news service from the London Stock Exchange