SEGRO Terms acceptable, PUSU extended

Research evidence excerpt

SEGRO Terms acceptable, PUSU extended

Prologis also requested that 12/27E * *

the SEGRO Board seek an extension to the 5.00pm BST 22 July 2026 PUSU deadline to 12/28E * *

allow time to agree the other terms and conditions of a recommended firm offer on the

Zachary Gaugefinancial terms of the Best and Final Proposal.

Analyst

zachary.gauge@ubs.com

SEGRO's board minded to recommend the proposal +44-20-7901 5534

Later on 22 July 2026, SEGRO announced that, having reviewed the Fourth Proposal

Charles Boissier, CFA

with its advisers and discussed it with Prologis, the Board had unanimously concluded Analyst

that the financial terms of the proposal were at a level it would be minded to charles.boissier@ubs.com

recommend to shareholders should Prologis announce a firm intention to make an offer +44-20-7568 4415

under Rule 2.7 on those terms. Such support remains subject to the satisfactory

Nadir Rahman

completion of confirmatory due diligence by Prologis, agreement on all other terms and Analyst

conditions of the offer and definitive transaction documentation. SEGRO also disclosed nadir.rahman@ubs.com

that Prologis had agreed to commit contractually to establish a secondary listing of +44-20-7567 1750

Prologis shares on the London Stock Exchange prior to completion should a firm offer be

announced. Accordingly, SEGRO requested, and the Takeover Panel consented to, an

extension of the PUSU deadline to 5.00pm BST on 12 August 2026. By that date,

UK Takeover Panel Disclosure:

UBS AG LONDON BRANCH IS ACTING AS FINANCIAL ADVISER AND CORPORATE

BROKER TO SEGRO PLC IN RELATION TO THE POTENTIAL OFFER FROM PROLOGIS INC

FOR THE ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF SEGRO PLC.

Highlights (£m) 12/23 12/24 12/25 12/26E 12/27E 12/28E 12/29E 12/30E