Global Logistic Properties : NEWS RELEASE - GLOBAL LOGISTIC PROPERTIES MANAGEMENT UPDATE

Singapore, 20 November 2014 - Global Logistic Properties Limited ("GLP") announces with great sadness that, on November 19, 2014, its beloved and respected leader, Jeffrey H. Schwartz passed away. Mr. Schwartz leaves behind an endless legacy as a true leading visionary and is survived by his wife, Carole, his four children, Heather, Sophia, Ian and Myles and his daughter-in-law Lucia.

Ming Z. Mei, GLP Co-Founder and CEO, said, "We are all deeply saddened by the death of my mentor, my partner, and most importantly my closest friend. His vision was key in making GLP the Company that it is today. I am honored to continue his legacy. He will be greatly missed by our Company, its stakeholders, our employees and the industry overall."

Speaking on behalf of the Board of Directors, Dr. Seek Ngee Huat, Chairman of the Board at GLP said, "It is with deep sorrow we announce Jeff's passing. Jeff was a well-respected and determined leader, but more than that, he was a dear friend. We extend our deepest sympathies and prayers to Jeff's entire family. He will always be in our hearts."

A memorial service for Mr. Schwartz will be held on Sunday November 23, 2014 at 1:30pm PT at Hillside Memorial Park located at 6001 W. Centinela Avenue, Los Angeles, CA 90045. In lieu of flowers or gifts, the Schwartz family has requested that all those interested consider

a donation to the Carole and Jeffrey Schwartz BBA Scholarship Fund (Emory Development

http://www.glprop.com 1

Global Logistic Properties Limited ("GLP") is the leading provider of modern logistics facilities in China, Japan and Brazil. Our property portfolio of 27 million square meters (290 million square feet) is strategically located across 76 cities, forming an efficient logistics network serving almost 800 customers. We are dedicated to improving supply chain infrastructure for the world's most dynamic manufacturers, retailers and third party logistics companies. Domestic consumption is a key driver of demand for GLP.

The Group is listed on the Mainboard of Singapore Exchange Securities Trading Limited

(SGX stock code: MC0.SI; Reuters ticker: GLPL.SI; Bloomberg ticker: GLP SP).

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This press release is not an offer of securities for sale or a solicitation of an offer to purchase securities. The information in this press release may not contain, and you may not rely on this press release as providing, all material information concerning the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of GLP or its subsidiaries. Please refer to our unaudited financial statements for a complete report of our financial performance and position. This release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements include statements regarding the intent, belief and current expectations of GLP or its officers with respect to various matters. When used in this press release, the words "expects," "believes," "anticipates," "plans," "may," "will," "should," "intends," "foresees," "estimates," "projects," and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Similarly, statements that describe objectives, plans or goals also are forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes, and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events and speak only as of the date of this press release. GLP does not undertake to revise forward-looking statements to reflect future events or circumstances. No assurance can be given that future events will occur, that
projections will be achieved, or that GLP's assumptions are correct.

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