NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA OR JAPAN GLOBAL LOGISTIC PROPERTIES LIMITED

(Registration No. 200715832Z) (Incorporated in Singapore on August 28, 2007)

ACQUISITION OF AN INDIRECT JOINTLY-CONTROLLED ENTITY

Global Logistic Properties Limited (the "Company") refers to its announcement dated 8 December 2014 (the "Acquisition Announcement") in relation to the arrangement with GIC to acquire an industrial portfolio of assets in the United States of America, through GLP US Income Partners I (the "Acquisition").

All capitalized terms used and not defined herein shall have the same meanings given to them in the

Acquisition Announcement.

The Board is pleased to announce that the Company has acquired 55% shareholding interests in the following company:
Name of company : Icon Logistics, Inc. Date of incorporation : 17 November 2014
Place of incorporation : State of Delaware, USA
Issued share capital : 1,000 shares of common stock with par value USD0.0001 per share
Principal activities : Provision of property management and real estate services
By Order of the Board of

GLOBAL LOGISTIC PROPERTIES LIMITED

Fang Xie, Heather
Chief Financial Officer
9 January 2015

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