NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA OR JAPAN

GLOBAL LOGISTIC PROPERTIES LIMITED

(Registration No. 200715832Z) (Incorporated in Singapore on August 28, 2007)

NOTIFICATION ON INDIRECT SUBSIDIARIES AND ASSOCIATED COMPANIES

Global Logistic Properties Limited (the "Company") wishes to announce the following:-

A. Incorporation of an indirect jointly-controlled entity

Neptune LPS GP GK, an indirect jointly-controlled entity of the Company, has incorporated an entity known as Neptune Investment Limited Partnership. Information relating to Neptune Investment Limited Partnership is as follows:
Name of company : Neptune Investment Limited Partnership
Country of Incorporation : Japan
Principal activities : Investment holding

B. Acquisition of an indirect associated company

GLP Japan Development TMK Holdings Pte. Ltd., an indirect jointly-controlled entity of the Company, has acquired 25% interest in a company known as Shiraoka Logistic Special Purpose Company ("Shiraoka TMK") for a consideration of JPY100,000 (the "Consideration"). Information relating to Shiraoka TMK is as follows:
Name of company : Shiraoka Logistic Special Purpose Company
Country of Incorporation : Japan
Paid-up Capital : JPY400,000
Principal activities : Property Investment
The Consideration was arrived at on a willing buyer, willing seller basis, taking into account the book value of Shiraoka TMK at the time of the acquisition and was funded by internal resources.
As at 30 September 2014, the book value and net tangible asset value of Shiraoka TMK was
JPY400,000.
Following the acquisition, Shiraoka TMK will become an indirect associated company.
The acquisition is not expected to have any impact on the net tangible asset value and earnings per share of the Company for the financial year ending 31 March 2015.
None of the directors or controlling shareholders of the Company has any interest, direct or indirect, in the above acquisition, save for their respective interest, through their shareholdings and/or directorships, as the case may be, in the Company.

1

C. Voluntary Liquidation of an Indirect Wholly-owned Subsidiary

Urayasu Three Logistic Special Purpose Company, an indirect wholly-owned subsidiary
incorporated in Japan (the "Subsidiary"), has been placed in members' voluntary liquidation.
The voluntary liquidation of the Subsidiary is not expected to have any material impact on the net tangible assets or earnings per share of the Company for the financial year ending 31 March 2015.
None of the directors or the controlling shareholders of the Company has any interest, direct or indirect, in the voluntary liquidation of the Subsidiary.
By Order of the Board of

GLOBAL LOGISTIC PROPERTIES LIMITED

Fang Xie, Heather
Chief Financial Officer
1 October 2014

2

distributed by