GLP J REIT : Winning “DEALWATCH AWARDS 2021”

April 1, 2022

For Immediate Release

Real Estate Investment Trust Securities Issuer: GLP J-REIT

Representative: Yoshiyuki Miura, Executive Director

(Security Code: 3281)

Asset Management Company:

GLP Japan Advisors Inc.

Representative: Yoshiyuki Miura, PresidentContact:Shinji Yagiba, CFO

(TEL: [phone])

Winning "DEALWATCH AWARDS 2021"

GLP J-REIT announces that the first public offering in the J-REIT market conducted through an accelerated global offering ("AGO") structure in June 2021 has won the "J-REIT Deal of the Year" award in the stock category of "DEALWATCH AWARDS 2021" by Refinitiv Japan K.K. It is a two-consecutive award-winning, followed the "DEALWATCH AWARDS 2020" which was the first public offering in the J-REIT market conducted through an accelerated book building targeting only overseas markets with international institutional investors in June 2020.

GLP J-REIT sought the investment opportunity in a timely manner in logistics sector where market fundamentals are favorable while there was a certain degree of uncertainty remained by COVID-19 in the capital market. Having well-communicated with investors, GLP J-REIT implemented the public offering with AGO structure which minimizes market fluctuation risk and was well-supported by many investors.

GLP J-REIT will pursue the maximization of unitholder value while utilizing the sponsor support of GLP Japan Inc., a leading developer and operator of advanced logistics facilities.

1.

Award for GLP J-REIT

by Refinitiv Japan K.K. Stock category of "DEALWATCH AWARDS 2021"

Joint Coordinator: Nomura Securities Co.,Ltd., SMBC Nikko Securities Inc., Mizuho Securities Co., Ltd., and Citigroup Global Markets Japan Inc.

It was the first public offering in the history of J-REITs which an accelerated global marketing period was implemented to minimize market fluctuation risk. GLP J-REIT has been continued external growth under COVID-19 environment through the three public offerings timely implemented in the last year and those initiatives led to the largest number of investor participation for the public offering with AGO structure.

building targeting only overseas markets, expanding the possibilities of offering methods. This was the first J-REIT deal since the spread of the new COVID-19 infection, and contributed to the revitalization of the market.

2.

About DEALWATCH AWARDS

The DEALWATCH AWARDS were established in 1995 with an aim to contribute to the growth and expansion of the capital market related to Japan. Winners are selected by taking into consideration appropriate pricing in the primary market, price formation after transition to the secondary market, contribution to the development of the capital market and originality and ingenuity from the viewpoint that "the Japanese market will further develop as a major market in the world".

The DEALWATCH AWARDS in fiscal 2021 comprises a total of six categories namely "General", "Corporate Bond," "Local Government Bond", "Non-Resident Yen Bond", "Sustainable Finance" and "Stock".

GLP J-REIT website address:https://www.glpjreit.com/en/