SEGRO : Scrip Calculation Price

22 August 2019

SEGRO plc (the Company)

Scrip Dividend Scheme - Scrip Calculation Price

The Board has recommended an Interim Dividend of 6.30 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 748.8 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 15 August 2019.

The application deadline for applying for the Scrip Dividend Scheme is 5.00 pm (London time) on 2 September 2019.

A timetable of key events is provided below:

Ex-dividend date	15 August 2019
Scrip Calculation Price determined	15 - 21 August 2019
Record Date	16 August 2019
Scrip Calculation Price announced	22 August 2019
Mandate delivery deadline	5.00 pm 2 September 2019
2019 Interim Dividend Payment Date	23 September 2019
Expected Date of admission and first day of dealings in New Ordinary Shares on the London Stock Exchange	23 September 2019

The Scrip Dividend Scheme Booklet and Mandate Form are available fromwww.SEGRO.com.

Further queries on the Scrip Dividend Scheme should be directed to the Company's Registrar, Equiniti on 0871 384 2186 (in the UK) or [phone] (outside the UK).

Stephanie Murton

Legal Counsel

020 7451 9083