Global Logistic Properties : STATUTORY ANNOUNCEMENT - EFFECTIVE DATE OF THE SCHEME

GLOBAL LOGISTIC PROPERTIES LIMITED

(Incorporated in the Republic of Singapore)

(Company Registration No.: 200715832Z)

PROPOSED ACQUISITION BY NESTA INVESTMENT HOLDINGS LIMITED OF ALL THE ISSUED

ORDINARY SHARES IN THE CAPITAL OF GLOBAL LOGISTIC PROPERTIES LIMITED

BY WAY OF A SCHEME OF ARRANGEMENT

EFFECTIVE DATE OF THE SCHEME

• 1. INTRODUCTION

  The board of directors (the "Board") of Global Logistic Properties Limited (the "Company") refers to:

  • (i) the scheme document (the "Scheme Document") dated 27 October 2017 despatched to the shareholders of the Company (the "Shareholders") on 27 October 2017 in relation to the proposed acquisition of all the issued and paid-up ordinary shares in the capital of the Company (the "Shares") (excluding treasury Shares) by Nesta Investment Holdings Limited, by way of a scheme of arrangement (the "Scheme") in accordance with Section 210 of the Companies Act, Chapter 50 of Singapore and the Singapore Code on Take-overs and Mergers; and

  • (ii) the announcement dated 15 December 2017 made by the Company in relation to the Court's sanction of the Scheme, the Books Closure Date and the last day of trading of the Shares.

  Unless otherwise defined, capitalised terms used in this Announcement shall have the same meanings ascribed to them in the Scheme Document.

• 2. EFFECTIVE DATE OF THE SCHEME

  The Board wishes to announce that a copy of the Court Order has been lodged with the Accounting and Corporate Regulatory Authority of Singapore ("ACRA") on 10 January 2018. The Scheme has therefore become effective and binding in accordance with its terms on 10

• January 2018.

• 3. PAYMENT OF SCHEME CONSIDERATION

  Shareholders will receive payment of the Scheme Consideration within seven (7) Business Days of the Effective Date, i.e. by 19 January 2018.

• 4. KEY EVENTS AND INDICATIVE TIMETABLE

  Shareholders are reminded to note the following indicative timetable in relation to the Scheme:

  Expected date for the payment of the Scheme	:	By 19 January 2018
  Consideration
  Expected date for the delisting of the Shares	:	22 January 2018

  The above timetable is indicative only and may be subject to change. Please refer to future announcement(s) by the Company and/or the Singapore Exchange Securities Trading Limited for the exact dates of these events.

• 5. RESPONSIBILITY STATEMENT

  The directors of the Company (including any who may have delegated detailed supervision of the preparation of this Announcement) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this Announcement are fair and accurate and that, where appropriate, no material facts which relate to the Company have been omitted from this Announcement, and the directors of the Company jointly and severally accept responsibility accordingly.

  Where any information which relates to the Company has been extracted or reproduced from published or otherwise publicly available sources, the sole responsibility of the directors of the Company has been to ensure that, through reasonable enquiries, such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this Announcement.

By Order of the Board

GLOBAL LOGISTIC PROPERTIES LIMITED

Julie Koh Ngin Joo

Company Secretary 10 January 2018