25 August 2016

SEGRO plc (the Company) Scrip Dividend Scheme - Scrip Calculation Price

The Board has recommended an Interim Dividend of 5.2 pence per share (to be paid entirely as an ordinary dividend) to shareholders and the Scrip Dividend Scheme will be offered in respect of this payment.

The Scrip Calculation Price which will be used in determining the number of New Ordinary Shares is 448.72 pence. It has been determined by the average of the closing middle market quotations of the Company's ordinary shares as derived from the London Stock Exchange Daily Official List over the five dealing days commencing on and including the ex-dividend date of 18 August 2016.

The application deadline for applying for the Scrip Dividend Scheme is 5.00 pm (London time) on 9 September 2016.

A timetable of key events is provided below.

The Scrip Dividend Scheme Booklet is available from www.segro.com.

Further queries on the Scrip Dividend Scheme should be directed to the Company's Registrar, Equiniti on 0371 384 2186 (in the UK) or +44 (0) 121 415 0141 (outside the UK).

Elizabeth Blease

General Counsel and Group Company Secretary

020 7451 9083