Mapletree Logistics Trust : Results of the Extraordinary General Meeting Held on 23 November 2020

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

ANNOUNCEMENT

RESULTS OF EXTRAORDINARY GENERAL MEETING HELD ON 23 NOVEMBER 2020

Capitalised terms used herein, but not otherwise defined, shall have the meanings ascribed to them in the circular of Mapletree Logistics Trust ("MLT") dated 2 November 2020 (the "Circular").

Mapletree Logistics Trust Management Ltd., in its capacity as manager of MLT (the "Manager"), wishes to announce that Ordinary Resolutions 1, 2 and 3 (as set out in the Notice of Extraordinary General Meeting dated 2 November 2020 (the "Notice of EGM")) (the "Ordinary Resolutions") were put to vote by poll and were duly passed by the Unitholders of MLT at the Extraordinary General Meeting ("EGM") held today.

The information as required under Rule 704(16) of the Listing Manual of Singapore Exchange Securities Trading Limited is set out below:

1. Breakdown of all valid votes cast at the EGM

Resolution

Total number

For

Against

number and

of units

Number of

As a

Number

As a

details

represented

Units

percentage

of Units

percentage

by votes for

of total

of total

and against

number of

number of

the relevant

votes for

votes for

resolution

and against

and against

the

the

resolution

resolution

(%)

(%)

Ordinary

1,518,089,430

1,517,954,314

99.99

135,116

0.01

Resolution 1

The

Proposed

Acquisitions as

Interested

Person

Transactions

Ordinary

1,522,151,030

1,522,013,930

99.99

137,100

0.01

Resolution 2

The

Proposed

issue of

new

units in MLT as

partial

consideration

for

the

PRC

Acquisitions

1

Ordinary	1,516,127,898	1,421,521,702	93.76	94,606,196	6.24
Resolution 3
The Proposed
Whitewash
Resolution

Please refer to the Notice of EGM for the full version of the Ordinary Resolutions. As more than 50% of votes were cast in favour of the Ordinary Resolutions, all the above resolutions were duly passed at the EGM.

1. Details of parties who are required to abstain from voting on any resolution(s), including the number of Units held and the individual resolution(s) on which they are required to abstain from voting
   Ordinary Resolution 1:
   As set out in paragraph 13.1 of the Circular, each of Mapletree Investments Pte Ltd ("MIPL") and Temasek Holdings (Private) Limited ("Temasek"), and their associates are required to abstain from voting on Ordinary Resolution 1. Based on the information available to the Manager as at the date of the EGM on 23 November 2020, the following table sets out the parties that are required to abstain from voting and did in fact abstain from voting on Ordinary Resolution 1:

	Number of Units	As a percentage
Name of the entity	of total Units in
held
	issue (%)(1)
Mapletree Logistics Properties Pte. Ltd.	179,934,598	4.36
Mangrove Pte. Ltd.	179,932,402	4.36
Meranti Investments Pte. Ltd.	369,901,792	8.96
Mulberry Pte. Ltd.	408,216,729	9.88
Mapletree Logistics Trust Management Ltd.	46,074,592	1.11
Mapletree Property Management Pte. Ltd.	4,241,149	0.10
Associates of Temasek(2)	73,174,535	1.77
Total	1,261,475,797	30.54

Notes:

1. The total number of Units in issue as at 23 November 2020 is 4,130,061,605.
2. Certain associates of Temasek which have a direct interest in an aggregate of 73,174,535 Units as at 22 October 2020 are required to abstain from voting on Ordinary Resolution 1.

For the purposes of good corporate governance, Non-Executive Chairman and Director Mr Lee Chong Kwee, Non-Executive Directors Mr Goh Chye Boon and Ms Wendy Koh Mui Ai, Non- Executive Director and Member of the Nominating and Remuneration Committee Mr Wong Mun Hoong as well as Executive Director and Chief Executive Officer Ms Ng Kiat have also abstained from voting in respect of their respective holdings of Units (if any) on Ordinary Resolution 1, as set out in the Circular.

Ordinary Resolution 2:

As set out in paragraph 13.2 of the Circular, each of MIPL and Temasek, and their associates are required to abstain from voting on Ordinary Resolution 2. Based on the information available to the Manager as at the date of the EGM on 23 November 2020, the following table sets out

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the parties that are required to abstain from voting and did in fact abstain from voting on Ordinary Resolution 2:

	Number of Units	As a percentage
Name of the entity	of total Units in
held
	issue (%)(1)
Mapletree Logistics Properties Pte. Ltd.	179,934,598	4.36
Mangrove Pte. Ltd.	179,932,402	4.36
Meranti Investments Pte. Ltd.	369,901,792	8.96
Mulberry Pte. Ltd.	408,216,729	9.88
Mapletree Logistics Trust Management Ltd.	46,074,592	1.11
Mapletree Property Management Pte. Ltd.	4,241,149	0.10
Associates of Temasek(2)	73,174,535	1.77
Total	1,261,475,797	30.54

Notes:

1. The total number of Units in issue as at 23 November 2020 is 4,130,061,605.
2. Certain associates of Temasek which have a direct interest in an aggregate of 73,174,535 Units as at 22 October 2020 are required to abstain from voting on Ordinary Resolution 2.

For the purposes of good corporate governance, Non-Executive Chairman and Director Mr Lee Chong Kwee, Non-Executive Directors Mr Goh Chye Boon and Ms Wendy Koh Mui Ai, Non- Executive Director and Member of the Nominating and Remuneration Committee Mr Wong Mun Hoong as well as Executive Director and Chief Executive Officer Ms Ng Kiat have also abstained from voting in respect of their respective holdings of Units (if any) on Ordinary Resolution 2, as set out in the Circular.

Ordinary Resolution 3:

As set out in paragraph 13.3 of the Circular, MIPL, parties acting in concert with Mulberry Pte. Ltd. (being a subsidiary of MIPL), and parties not independent of MIPL are required to abstain from voting on Ordinary Resolution 3. Based on the information available to the Manager as at the date of the EGM on 23 November 2020, the following table sets out the parties that are required to abstain from voting and did in fact abstain from voting on Ordinary Resolution 3:

	Number of Units	As a percentage
Name of the entity	of total Units in
held
	issue (%)(1)
Mapletree Logistics Properties Pte. Ltd.	179,934,598	4.36
Mangrove Pte. Ltd.	179,932,402	4.36
Meranti Investments Pte. Ltd.	369,901,792	8.96
Mulberry Pte. Ltd.	408,216,729	9.88
Mapletree Logistics Trust Management Ltd.	46,074,592	1.11
Mapletree Property Management Pte. Ltd.	4,241,149	0.10
12 individual Unitholders(2)	14,648,285	0.35
Total	1,202,949,547	29.12

Notes:

1. The total number of Units in issue as at 23 November 2020 is 4,130,061,605.
2. Comprising the directors of MIPL and its subsidiaries, and their close relatives.

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1. Name of firm and/or person appointed as scrutineers
   Voting on the resolutions at the EGM was conducted by way of voting by proxy and RHT Governance, Risk & Compliance (Singapore) Pte. Ltd. was appointed by the Manager as the scrutineer for the EGM.

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

23 November 2020

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