Global Logistic Properties : NEWS RELEASE – GLP EXPANDS PLATFORM IN BRAZIL BY US$1.5 BILLION

For Immediate Release

§ GLP forms US$1.1bn partnership, GLP Brazil Income Partners II, with Canada Pension Plan Investment Board and a leading North American institutional investor
§ GLP Brazil Development Partners I grows to US$1.5bn; additional US$0.4bn to fund a large-scale, prime development site in Rio de Janeiro
§ GLP recycling capital from stabilized assets into growing development platform in Brazil
§ GLP's fund management business provides significant capital to support sustainable long-term growth, while enhancing returns on its invested capital

management is now US$12.6 billion1.
In March 2014, GLP entered into an agreement to acquire a portfolio of Brazil assets from
BR Properties S.A. ("BR Properties"), with the stated intention of injecting the portfolio into its

1 Unless noted, all exchange rates are reported as USD 1 = BRL 2.39, the closing exchange rate as of 30

September 2014

http://www.glprop.com 1

fund management platform. GLP Brazil Income Partners II ("GLP BIP II") comprises approximately 896,000 square meters ("sqm") (9.6 million square feet ("sq ft')) of high-quality logistics assets mainly located in São Paulo and Rio de Janeiro. Following today's announcement, GLP retains a 40% stake in GLP BIP II, with Canada Pension Plan Investment Board ("CPPIB") and a leading North American institutional investor each taking approximately a 30% stake. GLP will remain the asset manager of the BRL 2.5 billion (US$1.1 billion) portfolio with sole responsibility for day-to-day operations.
GLP Brazil Development Partners I ("GLP BDP I") has been expanded by US$0.4 billion or
36% to BRL 3.6 billion (US$1.5 billion2). The additional capital will be used to acquire a strategically-positioned land parcel in Rio de Janeiro, comprising 350,000 sqm (3.8 million sq ft) of buildable area. The project will be developed in phases, with the first phase
expected to commence in FY2017. The total development cost, estimated at today's prices, is BRL 615 million (US$257 million). GLP owns 40.0% of GLP BDP I, with CPPIB and GIC holding 39.6% and 20.4% respectively.
GLP is expected to receive net cash proceeds of approximately BRL 926 million (US$388 million) from the transfer of assets into GLP BIP II. These proceeds are expected to be recycled into developments in Brazil over time. While the sales consideration of BRL 2.5 billion is consistent with GLP's acquisition price, GLP is expected to recognize a foreign exchange loss of approximately US$24.6 million in 2Q FY2015, resulting from depreciation
of the BRL against the USD.

2 When fully leveraged and invested; does not factor in potential value creation

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Mauro Dias, President of GLP Brazil, said: "Today's announcements represent an important milestone in the continued growth of GLP's best-in-class fund management platform in Brazil. We have capitalized on market conditions to acquire BDPI's first development site in Rio de Janeiro, one of Brazil's best logistics markets. Our local team did an excellent job in securing an exceptional site of considerable scale. We believe Brazil will return to a long-term growth trajectory and look forward to building a sustainable,
long-term business there."

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).

GLP Investor Relations & Media Contact: Ambika Goel, CFA

SVP- Capital Markets and Investor Relations

Tel: +65 6643 6372

Email: agoel@glprop.com

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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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