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)

INCORPORATION OF INDIRECT SUBSIDIARIES

Global Logistic Properties Limited (the "Company") wishes to announce that GLP HK Holdings Limited, an indirect subsidiary of the Company, has incorporated the following wholly-owned subsidiaries:-

1.

Name of company : Country of Incorporation : Paid-up Capital : Principal activities :

CLH 45 (HK) Limited Hong Kong USD1,000

Investment in and development of industrial real estate

2.

Name of company : Country of Incorporation : Paid-up Capital : Principal activities :

CLH 46 (HK) Limited Hong Kong USD1,000

Investment in and development of industrial real estate

3.

Name of company : Country of Incorporation : Paid-up Capital : Principal activities :

CLH 47 (HK) Limited Hong Kong USD1,000

Investment in and development of industrial real estate

4.

Name of company : Country of Incorporation : Paid-up Capital : Principal activities :

CLH 48 (HK) Limited Hong Kong USD1,000

Investment in and development of industrial real estate

5.

Name of company : Country of Incorporation : Paid-up Capital : Principal activities :

CLH 49 (HK) Limited Hong Kong USD1,000

Investment in and development of industrial real estate

6.

Name of company : Country of Incorporation : Paid-up Capital : Principal activities :

CLH 50 (HK) Limited Hong Kong USD1,000

Investment in and development of industrial real estate

1

7. Name of company : CLH 51 (HK) Limited
Country of Incorporation : Hong Kong
Paid-up Capital : USD1,000
Principal activities : Investment in and development of industrial real estate
8. Name of company : CLH 52 (HK) Limited
Country of Incorporation : Hong Kong
Paid-up Capital : USD1,000
Principal activities : Investment in and development of industrial real estate
9. Name of company : CLH 53 (HK) Limited
Country of Incorporation : Hong Kong
Paid-up Capital : USD1,000
Principal activities : Investment in and development of industrial real estate
10. Name of company : CLH 54 (HK) Limited
Country of Incorporation : Hong Kong
Paid-up Capital : USD1,000
Principal activities : Investment in and development of industrial real estate
11. Name of company : CLH 55 (HK) Limited
Country of Incorporation : Hong Kong
Paid-up Capital : USD1,000
Principal activities : Investment in and development of industrial real estate
12. Name of company : CLH 56 (HK) Limited
Country of Incorporation : Hong Kong
Paid-up Capital : USD1,000
Principal activities : Investment in and development of industrial real estate
13. Name of company : CLH 57 (HK) Limited
Country of Incorporation : Hong Kong
Paid-up Capital : USD1,000
Principal activities : Investment in and development of industrial real estate
14. Name of company : CLH 58 (HK) Limited
Country of Incorporation : Hong Kong
Paid-up Capital : USD1,000
Principal activities : Investment in and development of industrial real estate
15. Name of company : CLH 59 (HK) Limited
Country of Incorporation : Hong Kong
Paid-up Capital : USD1,000
Principal activities : Investment in and development of industrial real estate

2

16. Name of company : CLH 60 (HK) Limited
Country of Incorporation : Hong Kong
Paid-up Capital : USD1,000
Principal activities : Investment in and development of industrial real estate
17. Name of company : CLH 61 (HK) Limited
Country of Incorporation : Hong Kong
Paid-up Capital : USD1,000
Principal activities : Investment in and development of industrial real estate
18. Name of company : CLH 62 (HK) Limited
Country of Incorporation : Hong Kong
Paid-up Capital : USD1,000
Principal activities : Investment in and development of industrial real estate
19. Name of company : CLH 63 (HK) Limited
Country of Incorporation : Hong Kong
Paid-up Capital : USD1,000
Principal activities : Investment in and development of industrial real estate
20. Name of company : CLH 64 (HK) Limited
Country of Incorporation : Hong Kong
Paid-up Capital : USD1,000
Principal activities : Investment in and development of industrial real estate
By Order of the Board of

GLOBAL LOGISTIC PROPERTIES LIMITED

Fang Xie, Heather
Chief Financial Officer
6 February 2015

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