CANCELLATION OF NOTES

19 August 2020

SEGRO PLC

CANCELLATION OF £300 million 6.750 PER CENT NOTES DUE 2021 (THE "NOTES")

(ISIN: XS0469028319)

Further to the announcement on 24 July 2020 made by SEGRO plc (the "Company") relating to the Company's redemption of the Notes, the Company announces that the listing of the Notes on the Official List of the Financial Conduct Authority and the admission of the Notes to trading on the Regulated Market of the London Stock Exchange plc has been cancelled with effect from 8:00 a.m. (London time) today.

ENDS

For further information, please contact:

Harry Stokes (Commercial Finance Director)

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

Notes to Editors:

ABOUT SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT) and listed on the London Stock Exchange in the FTSE 100 index. It is a leading owner, manager and developer of modern warehouses and light industrial property with a portfolio comprising 8.1 million square metres of space (88 million square feet), valued at £13.3 billion as at 30 June 2020. Its assets are positioned strategically at locations in the UK across London and the South-East and Midlands regions, while in Continental Europe it has developments in France, Germany, Italy, Poland, Spain, The Netherlands and the Czech Republic.

For 100 years SEGRO has been creating the space that enables extraordinary things to happen. From modern big box warehouses, used primarily for regional, national and international distribution hubs, to urban warehousing located close to major population centres and business districts, it provides high-quality assets that allow its customers to thrive.