Director Declaration

31 Aug 2011 16:11

SEGRO plc (`the Company')

Further to our previous announcement, Justin Read was appointed to the Board of SEGRO plc as Finance Director, with effect from 30 August 2011. Justin Read was formerly a director of Speedy Hire PLC. There is no further information required to be disclosed in respect of LR 9.6.13.

Following a recommendation made by the Company, the Trustee of the SEGRO plc Employees' Benefit Trust notified the Company today, that it had resolved to grant the following awards under the SEGRO plc Long Term Incentive Plan to the following Director of the Company:

Director Number of shares awarded Justin Read 187,106 Note:

(a) The award shown above has been structured as a nil-cost option and represents the maximum potential award possible if all the performance criteria are met at the end of the three-year performance period. The award was made under the same terms and performance conditions as those made to other Director /PDMRs earlier in the year. Should the performance conditions be met, the nil-cost option will be exercisable for an 18-month period from 31 August 2014.

(b) The calculation of the award was based on a share price of £2.544, which was the Company's mid-market share price on 30 August 2011. No consideration was paid for the grant of this award. The award vests at the discretion of the Trustee.

Robin HealyDeputy Company Secretary020 7451 9082

SEGRO plc