Formation of Western Logistics GLOBAL LOGISTIC PROPERTIES LIMITED

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

FORMATION OF AN INDIRECT WHOLLY-OWNED SUBSIDIARY

Global Logistic Properties Limited (the "Company") wishes to announce the formation of Western Logistics LLC, an indirect wholly-owned subsidiary of the Company. Information relating to Western Logistics LLC is as follows:
Name of company : Western Logistics LLC Place of formation : State of Delaware, USA Principal activities : Investment holding
By Order of the Board of

GLOBAL LOGISTIC PROPERTIES LIMITED

Fang Xie, Heather
Chief Financial Officer
8 May 2015

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