Mapletree Industrial Trust : Issue and Listing of New Units Under the Distribution Reinvestment Plan

(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 29 January 2008 (as amended))

ANNOUNCEMENT

ISSUE AND LISTING OF NEW UNITS UNDER THE DISTRIBUTION REINVESTMENT PLAN

5 December 2018 - Mapletree Industrial Trust Management Ltd., as manager (the "Manager") of Mapletree Industrial Trust ("MIT"), wishes to announce that it will issue 12,244,525 new units in MIT ("New Units") at an issue price of S$1.8612 per Unit pursuant to MIT's distribution reinvestment plan ("DRP") in respect of MIT's distribution for the Second Quarter Financial Year 2018/2019 from 1 July 2018 to 30 September 2018 (the "2QFY18/19 Distribution") on 6 December 2018.

The New Units will be credited by 6 December 2018 to securities accounts of MIT unitholders ("Unitholders") who have elected to participate in the DRP. The New Units will commence trading on the Main Board of Singapore Exchange Securities Trading Limited ("SGX-ST") at 9.00 a.m. on 6 December 2018.

The new Units will rank pari passu in all respects with the existing Units.

Following the issuance of the New Units, the total number of MIT Units in issue has increased from 1,886,752,801 to 1,898,997,326.

Unitholders who did not elect or partially elected to participate in the DRP and overseas Unitholders who did not provide registered addresses in Singapore to The Central Depository (Pte) Limited, will receive their respective entitlements to the 2QFY18/19 Distribution in cash on 6 December 2018.

By order of the Board Wan Kwong Weng

Joint Company Secretary

Mapletree Industrial Trust Management Ltd. (Company Registration No. 201015667D) As Manager of Mapletree Industrial Trust

Important Notice

The value of Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.

Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders of MIT may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

The past performance of MIT is not necessarily indicative of the future performance of MIT.