GLOBAL LOGISTIC PROPERTIES LIMITED

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

NOTIFICATION ON INDIRECT SUBSIDIARIES AND ASSOCIATED COMPANIES

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

A. Incorporation of new indirect subsidiaries

1. CLH (56) Pte. Ltd., an indirect subsidiary of the Company, has incorporated a wholly-owned subsidiary known as Tianjin Puda Warehousing Service Co., Ltd. ("Tianjin Puda"). Information relating to Tianjin Puda is as follows:
Name of company : Tianjin Puda Warehousing Service Co., Ltd. Country of Incorporation : China
Registered Capital : USD15,400,000
Principal activities : Provision of distribution facilities and services
2. CLH 8 (HK) Limited, an indirect subsidiary of the Company, has incorporated a wholly-owned subsidiary known as Yuepu Logistic Holdings Limited ("Yuepu Logistic"). Information relating to Yuepu Logistic is as follows:
Name of company : Yuepu Logistic Holdings Limited
Country of Incorporation : Hong Kong
Paid-up Capital : USD1,000
Principal activities : Investment holding

B. Acquisition of a new indirect subsidiary

1. CLH (46) Pte. Ltd., an indirect subsidiary of the Company, has acquired a wholly-owned subsidiary known as GLP Pengshan Puhai Logistics Facilities Co., Ltd. ("GLP Pengshan Puhai") for a consideration of approximately RMB121,210,661.78 (the "Consideration"). Information relating to GLP Pengshan Puhai is as follows:
Name of company : GLP Pengshan Puhai Logistics Facilities Co., Ltd. Country of Incorporation : China
Registered Capital : RMB60,000,000
Principal activities : Provision of distribution facilities and services
The Consideration was arrived at on a willing buyer, willing seller basis, taking into account the book value of GLP Pengshan Puhai at the time of the acquisition and was funded by internal resources.

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As at 30 June 2014, the book value and net tangible asset value of GLP Pengshan Puhai based on People's Republic of China's Accounting Standards for Business Enterprises was RMB57,033,685.73.
Following the acquisition, GLP Pengshan Puhai will become an indirect subsidiary of the
Company.
The acquisition is not expected to have any 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 above acquisition, save for their respective interest, through their shareholdings and/or directorships, as the case may be, in the Company.

C. Acquisition of new indirect associated companies

1. CLH (134) Pte. Ltd., an indirect subsidiary of the Company, has acquired 25% interest in a company known as Excel Team International Limited ("Excel Team") for a consideration of USD750,000 (the "Consideration"). Excel Team holds 100% interest in Heshan Logistics Facilities Co., Ltd. ("Heshan Logistics"). Information relating to Excel Team and Heshan Logistics are as follows:
Name of company : Excel Team International Limited
Country of Incorporation : Hong Kong
Paid-up Capital : HKD10,000
Principal activities : Investment holding
Name of company : Heshan Logistics Facilities Co., Ltd. Country of Incorporation : China
Registered Capital : USD24,800,000
Principal activities : Provision of distribution facilities and services
The Consideration was arrived at on a willing buyer, willing seller basis, taking into account the book value of Excel Team at the time of the acquisition and was funded by internal resources.
As at 31 May 2014, the book value and net tangible asset value of Excel Team was negative
HKD16,882.
Following the acquisition, each of Excel Team and Heshan Logistics will become indirect associated companies.
The acquisition is not expected to have any 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 above acquisition, save for their respective interest, through their shareholdings and/or directorships, as the case may be, in the Company.
By Order of the Board of

GLOBAL LOGISTIC PROPERTIES LIMITED

Fang Xie, Heather
Chief Financial Officer
29 August 2014

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