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)

NOTIFICATION ON INDIRECT SUBSIDIARIES

Global Logistic Properties Limited (the "Company") wishes to announce the following:-

A. Disposal of equity interest in indirect wholly-owned subsidiaries

1. Japan Logistic Properties 2 Pte. Ltd, a direct wholly-owned subsidiary of the Company, has disposed its entire 100% equity interest in Shiodome (20) Logistic Pte. Ltd. ("Shiodome (20)") to an unrelated third party (the "Disposal Transaction"). Shiodome (20) holds 100% equity interest in Shiodome Twenty Logistic Special Purpose Company ("Shiodome SPC"). The aggregate consideration for the Disposal Transaction is JPY20,000,000 (the "Sale Consideration").
The Sale Consideration was arrived at arm's length and a willing buyer, willing seller basis, after taking into account the consolidated book value of Shiodome (20) at the time of the disposal, and will be satisfied fully in cash.
As at 28 February 2015, the consolidated book value and net tangible asset value of Shiodome (20)
was negative JPY446,233.
Following the Disposal Transaction, Shiodome (20) and Shiodome SPC will cease to be indirect wholly- owned subsidiaries of the Company.
The Disposal Transaction is not expected to have any material impact on the net tangible asset value and earnings per share of the Company for the financial year ending 31 March 2015.
None of the directors or controlling shareholders of the Company has any interest, direct or indirect, in the Disposal Transaction, save for their respective interest, through their shareholdings and/or directorships, as the case may be, in the Company.

B. Striking off of an indirect subsidiary

1. CLH (127) Pte. Ltd., an indirect subsidiary of the Company, has been struck off from the Register of
Companies pursuant to Section 344(4) of the Companies Act, Cap. 50.
The striking off of the above subsidiary is not expected to have any material impact on the net tangible assets or earnings per share of the Company for the financial year ending 31 March 2015.
By Order of the Board of

GLOBAL LOGISTIC PROPERTIES LIMITED

Fang Xie, Heather
Chief Financial Officer
24 March 2015

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