Global Logistic Properties : NEWS RELEASE - GLP DELISTS FROM SGX; SETS COURSE FOR THE FUTURE

For Immediate Release

GLP DELISTS FROM SGX; SETS COURSE FOR THE FUTURE

•  GLP successfully completes privatization process

•  Strategic growth of fund management platform a priority

•  GLP's long-term strategy remains unchanged

22 January 2018 - GLP, the leading global provider of modern logistics facilities and technology-led solutions, today delisted from the Singapore Exchange, marking the completion of its privatization process. In connection with the delisting, the company's name will change to GLP

Pte Ltd.

GLP is owned by a consortium of international long-term investors, who manage capital for some of the world's largest sovereign wealth funds, university endowments and pension plans from

North America, Asia and Europe. The consortium is fully aligned with GLP management's vision to enhance its best-in-class global operating, development and fund management capabilities by creating a logistics ecosystem that utilizes the latest technology, data and service offerings to drive value for customers.

Ming Mei, Co-Founder and Chief Executive Officer of GLP, said: "We are focused on sustainable value creation through our logistics ecosystem. Our innovative use of technology and strategic investments create value for our investors, partners and customers as they navigate a rapidly changing business landscape."

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Alan Yang, Chief Investment Officer of GLP, said: "Our long-term strategy remains the same.

That is to be the best operator in our markets, create value through developments and use our fund management platform to support strategic expansion."

About GLP(www.glprop.com)

GLP is the leading global provider of logistics solutions. Through its network of strategically-located properties and ecosystem partners, GLP is able to offer both space and technology-led solutions to drive value for its customers. GLP is one of the world's largest real estate fund managers, with over US$43 billion of assets under management and a global portfolio of 59 million square meters (636 million square feet) spread across eight countries globally.

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. 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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