Global Logistic Properties : NEWS RELEASE - GLP ANNOUNCES STRATEGIC SALE OF GREATER TOKYO ASSET

For Immediate Release

• GLP Narita sold at 12% premium to book to a private equity fund
• Transaction in line with GLP's capital recycling strategy
• Japan is a core market for development and growing the fund management platform

Mr. Yoshiyuki Chosa, President of GLP Japan, said "This transaction is an opportunistic disposition, consistent with our strategy of recycling capital and maximizing returns for GLP shareholders. Japan is one of GLP's core markets for development and growing our fund management platform."

This transaction is consistent with GLP's capital recycling strategy. Including the latest transaction, GLP has generated US$1.1 billion cash profit from US$4.8 billion of asset sales in Japan since FY12, representing a 13% IRR before fees and promotes.

1 Unless stated, all exchange rates are reported as 1 USD = JPY 112.94, the closing exchange rate as of 24 November 2016

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GLP is a fund manager, developer and owner-operator of modern logistics facilities. As of 30 September 2016, GLP owns and operates a global portfolio of 52 million square meters (561 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$38 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

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.

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