For Immediate Release

DEPPON LOGISTICS EXPANDS 25,000 SQM (269,000 SQ FT) WITH GLP IN CHINA

? Deppon Logistics signs expansion leases with GLP in Suzhou, Eastern China and Shenyang, Northeastern China

? Continuing growth of third-party logistics industry in China, driven by strong domestic demand and e-commerce

Singapore, 22 October 2013 - Global Logistic Properties Limited ("GLP"), the leading provider of modern logistics facilities in China, Japan and Brazil, has signed lease agreements for totaling 25,000 square meters ("sqm") (269,000 square feet ("sq ft")) with Deppon Logistics at GLP Park Wangting in Suzhou, Eastern China and GLP Park Hunnan in Shenyang, Northeastern China.

Deppon Logistics is expanding at the parks to meet increasing demand from its consumer goods and e-commerce customers for third-party logistics services throughout China. Deppon Logistics is GLP's second-largest customer in China by leased area. Including the lease agreement announced today, Deppon Logistics leases a total of 308,000 sqm (3.3 million sq ft) with GLP in 13 cities in China.
Kent Yang, President of GLP China, said: "GLP places a huge emphasis on service excellence to create deep, long-term relationships with our customers. We are committed to supporting our customers as they continue to grow in China and our extensive network

http://www.glprop.com 1

allows them to serve practically any distribution network nationwide. Deppon Logistics is a very important customer for GLP and we look forward to strengthening our relationship."
Cui Weixing, Chairman of Deppon Logistics, said: "Increasing domestic consumption and the growth of e-commerce are leading to strong demand for our services, but there remains a critical lack of modern logistics facilities. GLP's locations and service quality are always best-in-class and they are our preferred partner for our warehouse needs."
The following details the recently signed new lease agreements.

? 18,000 sqm (194,000 sq ft) leased at GLP Park Wangting in Suzhou, Eastern China.

Located within Wangting International Logistics Park, a strategic logistics and transportation hub in the Yangtze River Delta region, GLP Park Wangting enjoys convenient access to an integrated transportation network connecting the major consumption centers of Suzhou, Wuxi and Shanghai.

? 7,000 sqm (75,000 sq ft) leased at GLP Park Hunnan in Shenyang, Northeastern China.

Located just 8 km from downtown Shenyang, GLP Park Hunnan has excellent access to a well-developed expressway network and is ideal for distribution throughout Shenyang and the surrounding region.
Deppon Logistics is China's leading integrated logistics provider offering a full range of services including express road shipping, road freight and air freight. They have grown rapidly since their founding in 1996, and their extensive national network serves more than
550 cities across 31 provinces in China.

2

About Global Logistic Properties (www.glprop.com)

Global Logistic Properties Limited ("GLP") is the leading provider of modern logistics facilities in China, Japan and Brazil. Our property portfolio of 21.4 million square meters (230 million square feet) is strategically located across 66 cities, forming an efficient logistics network serving 700 customers. We are dedicated to improving supply chain infrastructure for the world's most dynamic manufacturers, retailers and third party logistics companies. Domestic consumption is a key driver of demand for GLP.

The Group is listed on the Mainboard of Singapore Exchange Securities Trading Limited

(SGX stock code: MC0.SI; Reuters ticker: GLPL.SI; Bloomberg ticker: GLP SP).

GLP Investor Relations & Media Contact: Ambika Goel, CFA

SVP- Capital Markets and Investor Relations

Tel: +65 6643 6372

Email: agoel@glprop.com

## END ##

This press release is not an offer of securities for sale or a solicitation of an offer to purchase securities. This release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements include statements regarding the intent, belief and current expectations of GLP or its officers with respect to various matters. When used in this press release, the words "expects," "believes," "anticipates," "plans," "may," "will," "should" and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes, and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events and speak only as of the date of this press release. GLP does not undertake to revise forward-looking statements to reflect future events or circumstances. No assurance can be given that future events will occur, that projections will be

achieved, or that GLP's assumptions are correct.

3

distributed by