Slough Estates plc - Interim Results

Date: 03 Sep 1998

Slough Estates plc, the UK's largest industrial property company, today announced results for the six months to 30th June 1998.

Profit before tax excluding investment property sales up 4.9 per cent to £49.4 million

Core property investment income net of interest up 13.3 per cent to £41.8 million Adjusted earnings per share up 10.4 per cent to 8.5p per share

Interim dividend of 4.125p per share up 213%. Total dividend for 1998 expected to be not less than 10.25p, up 7.6%

Worldwide, 464,000 square metres (5 million square- feet) are expected to have been under construction during 1998.

Commenting on the result, the Chairman, Sir Nigel Mobbs said: "Though confidence in some areas of the economy is being questioned, the property sector is fundamentally sound, with high occupancy, improving rents and a good supply and demand balance."

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