Directorate Change

Directorate Change at SEGRO

SEGRO, Europe's leading provider of flexible business space, is today announcing that its Chief Executive, Ian Coull will retire from the business during the course of 2011, when a successor has been appointed.

Separately it is also announced today that Ian Coull has been appointed as Chairman designate of house building and construction group Galliford Try plc. Ian will join the Board of Galliford Try as a Non-Executive Director on 8 November and will become Chairman on 1 July 2011.

The process for selecting a successor to Ian is underway and will include internal and external candidates.

Nigel Rich, Chairman of SEGRO said, "The Board is extremely grateful to Ian for his outstanding leadership of SEGRO over the past seven years. Ian has been an inspirational leader and he leaves behind a well focused business.

"Today, we have a high quality property portfolio, positioned at the heart of Europe's industrial economies. We are now Europe's largest industrial REIT and that is testament to the hard work and vision of Ian and the whole SEGRO team."

Ian Coull, Chief Executive of SEGRO said, "I am incredibly proud of the transformation SEGRO has been able to undertake during my time as Chief Executive.

"I would not have been able to make these changes without the support of a great team. I would like to thank them for their unwavering commitment. I will be handing over to my successor a business that is well positioned to benefit as underlying markets recover."

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About SEGRO

SEGRO is Europe's leading provider of flexible business space, operating from a network of offices across 10 countries. The Group is a Real Estate Investment Trust (REIT), listed on the London Stock Exchange. SEGRO's portfolio comprises £5.3 billion of predominantly industrial and warehouse assets concentrated in and around major business centres and transportation hubs such as ports, airports and motorways intersections. The Group serves over 1,900 customers spread across many geographic and different industry sectors. It has 5.9 million sq m of built space and a passing rent roll of £344 million as at 31 December 2009.  For more information: www.SEGRO.com