REDEMPTION OF £210 MILLION 6.00 PER CENT BONDS

1 August 2018

Redemption of £210 million 6.00 per cent BONDS due 2019 ("the BONDS")(ISIN: XS0179346274)

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE.

SEGRO announces that it has today given notice to the holders of the Bonds that it will fully redeem all of the Bonds outstanding on 31 August 2018 in accordance with Condition 6(C) of the Bonds. The Bonds will be redeemed at their Adjusted Redemption Price of 105.652 per cent., together with accrued interest.

Following redemption, the Bonds will be cancelled pursuant to Condition 6(F) of the Bonds. Accordingly, the listing of the Bonds on the Official List of the FCA and the admission of the Bonds to trading on the Regulated Market of the London Stock Exchange plc will be cancelled on, or shortly after, 14 September 2018.

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 a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 7 million square metres of space (74 million square feet) valued at over £10 billion serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in nine other European countries.

See www.SEGRO.com for further information.