Issuer's Early Redemption (Call Option)::Mandatory

(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 5 July 2004 (as amended))

ANNOUNCEMENT

NOTICE OF REDEMPTION TO THE HOLDERS OF HSBC INSTITUTIONAL TRUST SERVICES (SINGAPORE) LIMITED (IN ITS CAPACITY AS TRUSTEE OF MAPLETREE LOGISTICS TRUST)'S S$250,000,000 4.18% FIXED RATE PERPETUAL SECURITIES (THE "SECURITIES") (ISIN NO. SG72D0000009)

In accordance with Condition 5(b) of the Securities, irrevocable notice is hereby given to the holders of the Securities that HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of Mapletree Logistics Trust ("MLT")) (the "Issuer") has elected to, and will, redeem all of the outstanding Securities on 25 November 2021 (the "Redemption Date"). Terms used and not defined in this Notice of Redemption are used with the same meanings ascribed thereto in the terms and conditions of the Securities.

The redemption price (the "Redemption Price") for the Securities will be an amount equal to 100 per cent. of the principal amount of the Securities, together with all accrued distributions to (but excluding) the Redemption Date.

On the Redemption Date, the Issuer shall make or cause to be made payment of the redemption moneys to The Central Depository (Pte) Limited ("CDP") for the account of the holders of the Securities. Such redemption moneys will be paid to the persons who, as at 18 November 2021, are shown in the records of CDP as holders of the Securities, via the payment method as agreed between themselves and CDP.

This Notice of Redemption is issued by Mapletree Logistics Trust Management Ltd., (in its capacity as manager of MLT) (the "Manager") on behalf of HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of MLT).

Dated: 26 October 2021

By Order of the Board

Wan Kwong Weng

Joint Company Secretary

Mapletree Logistics Trust Management Ltd.

(Company Registration No.: 200500947N)

As Manager of Mapletree Logistics Trust

Important Notice

This Announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for units in MLT ("Units"). 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 MLT may only deal in their Units through trading on the Singapore Exchange Securities Trading Limited ("SGX-ST"). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

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

The information in this Announcement must not be published outside the Republic of Singapore and in particular, but without limitation, must not be published in any United States edition of any publication.

This Announcement is not for release, publication or distribution, directly or indirectly, in or into the United States, the European Economic Area, the United Kingdom, Canada or Japan and should not be distributed, forwarded to or transmitted in or into any jurisdiction where to do so might constitute a violation of applicable securities laws or regulations.