Change of Auditor

SEGRO plc (the Company)

Change of Auditor

3 December 2015

SEGRO plc ('SEGRO' or 'the Company') announces that, following the conclusion of a formal tender process led by the Company's Audit Committee, the Board has approved the proposed appointment of PricewaterhouseCoopers LLP as auditor for the financial year commencing 1 January 2016. The appointment is subject to shareholder approval at the Annual General Meeting to be held in April 2016.

The Board of SEGRO extends its appreciation to Deloitte LLP for its services as auditor and confirms that there are no matters in connection with Deloitte LLP's prospective resignation as auditor following the 2015 audit which need to be brought to the attention of shareholders.

Elizabeth Blease

General Counsel and Group Company Secretary

020 7451 9081