Daiwa House Asset Management Asia Pte. Ltd., as the manager of Daiwa House Logistics Trust announced that DHLT has completed the Acquisition ("Completion"), pursuant to which the Seller has transferred to DH TMK, the trust beneficial interests in the Target Property which the Seller had entrusted to Sumitomo Mitsui Trust Bank, Limited to hold as property trustee (the "Property Trustee"). Following Completion, DH TMK has accordingly succeeded the status of the Seller as a beneficiary and settlor of trust of the Target Property while the Property Trustee holds the legal ownership of the Target Property on trust for DH TMK.

The Aggregate Purchase Consideration for the Acquisition of JPY 2,640.0 million (SGD 23.8 million) was financed by the Loan Facilities (as elaborated in Section 2 below) as well as internal cash resources. Following Completion, the acquisition fee payable to the Manager for the Acquisition (the "Acquisition Fee") is approximately JPY 26.4 million (SGD 0.24 million) (being 1.0% of the Aggregate Purchase Consideration). As the Acquisition is an "interested party transaction" under the Appendix 6 of the Code on Collective Investment Schemes issued by the Monetary Authority of Singapore, the Acquisition Fee will be paid to the Manager in Units as soon as practicable after Completion in accordance with the Trust Deed, which shall not be sold within one year from the date of issuance.

The Manager will make further announcements on the issuance of the Acquisition Fee Units when these units are issued.