Segro Regulatory News (SGRO)

15 January 2016

SEGRO APPOINTS GERALD CORBETT AS CHAIRMAN-DESIGNATE

The Board of SEGRO plc ('SEGRO', or 'the Company') announces the appointment of Gerald Corbett as a Non-Executive Director. Mr Corbett will join the Board on 1 March 2016 and will succeed Nigel Rich as Chairman after the AGM on 22 April 2016.

Over his business career, Mr Corbett has been a director of twelve public companies, six of which he has chaired. His executive career included periods as Finance Director of Redland and Grand Metropolitan and he was Chief Executive of Railtrack. He is currently Chairman of Betfair, Britvic and Numis Corporation. Previously he was Chairman of SSL International and has served as a non-executive director of MEPC, Greencore Group and Burmah Castrol.

Nigel Rich said:

"Having informed the Board in July of my intention to retire at the next AGM, I am delighted that Gerald Corbett will succeed me as Chairman. He brings a wealth of experience and joins a company in great shape, with exciting prospects ahead."

David Sleath said:

"On behalf of the Board and the management team, I thank Nigel for his guidance and wise counsel over the past ten years, during which time we sold our US business, acquired Brixton and repositioned SEGRO to become a leading income-focused REIT. From a personal perspective, I am particularly appreciative of his support since I became Chief Executive. I welcome Gerald to the Board, whose experience of a wide range of businesses and boardrooms will prove invaluable in the years ahead."

Gerald Corbett said:

"I look forward to joining SEGRO and working with David and the rest of the Board to build on the tremendous progress made in recent years."

There are no matters in connection with this appointment to be disclosed under section 9.6.13 of the Listing Rules of the UK Listing Authority.

ENDS

For further information, please contact:

SEGRO plc

Harry Stokes (Head of Investor Relations and Research)

Tel: +44 (0) 20 7451 9124 / harry.stokes@segro.com

Lizzie Humphreys (External Communications Manager)

Tel: +44 (0) 20 7451 9129 / lizzie.humphreys@segro.com

Richard Sunderland / Claire Turvey (FTI Consulting)

Tel: +44 (0) 20 3727 1000

Notes to Editors:

SEGRO plc

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, asset manager and developer of modern warehousing and light industrial property. It owns or manages 5.7 million square metres of space in £6.4 billion of assets (at 30 June 2015, SEGRO's share of which totals £5.2 billion), serving 1,200 customers from a wide range of industry sectors. Its properties are located around major conurbations and at key transportation hubs across nine European countries, principally in the UK, France, Germany and Poland.

For further information see www.SEGRO.com/investors.