For Immediate Release

AUTO AFTER-SALES INDUSTRY SPURRING DEMAND FOR GLP'S MODERN LOGISTICS FACILITIES
  • GLP leases 66,000 sqm to global auto makers Fiat Chrysler and Daimler in Brazil and China
  • New customer relationships for GLP
  • GLP's modern logistics facilities help drive higher operational efficiency and after-sales service for auto industry
São Paulo & Shanghai, 26 September 2016 - GLP, the leading global provider of modern logistics facilities, has signed new leases totaling 66,000 square meters ("sqm") (710,000 square feet ("sq ft")) with two global auto makers in Brazil and China.

Fiat Chrysler Automobiles has leased 43,000 sqm (463,000 sq ft) in São Paulo, Brazil and Daimler has leased 23,000 sqm (248,000 sq ft) in Greater Jinan, Eastern China. Both companies are new customer relationships for GLP and will use the facilities to distribute vehicle parts for after-sales service.

Mr. Ming Z. Mei, Chief Executive Officer of GLP, said: "These leases highlight the demand for efficient logistics solutions to ensure high quality after-sales service for car buyers. After-sales service is very important and drives demand for auto parts, even in an environment where new car sales growth has slowed. We look forward to supporting our customers as they continue to grow."

http://www.glprop.com 1

GLP works closely with global vehicle brands globally to provide them with high-quality, strategically located facilities in key markets for both vehicle and parts distribution. Key customer relationships globally include BMW, Chrysler, Ford, GM, Honda and Volkswagen. Auto related leasing accounts for approximately 7% of GLP's total leased area globally.

About GLP (www.glprop.com)

GLP is a fund manager, developer and owner-operator of modern logistics facilities. As of 30 June 2016, GLP owns and operates a global portfolio of 52 million square meters (560 million square feet) that caters primarily to domestic consumption. GLP's 4,000 customers include some of the world's most dynamic manufacturers, retailers and third party logistics companies. GLP's US$37 billion fund management platform is a key area of growth going forward.

GLP 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

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This press release is not an offer of securities for sale or a solicitation of an offer to purchase securities. The information in this press release may not contain, and you may not rely on this press release as providing, all material information concerning the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of GLP or its subsidiaries. Please refer to our unaudited financial statements for a complete report of our financial performance and position. 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," "intends," "foresees," "estimates," "projects," and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Similarly, statements that describe objectives, plans or goals also are 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.

Global Logistic Properties Limited published this content on 27 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 September 2016 23:45:09 UTC.

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