Global Logistic Properties : PRESENTATION SLIDES - GLP TO ACQUIRE US$1.1 BILLION US LOGISTICS PORTFOLIO

13 September 2016

Expand Fund Management Platform

• GLP to acquire a US$1.1bn high quality portfolio of assets from Hillwood

  • Initial closing of a US$700m portfolio expected in December 2016

  • Further US$400m development portfolio to be acquired in phases upon completion and lease-up

• GLP will be the asset manager with total expected equity commitment of US$47m

  • Expect to sign with capital partners by initial closing with GLP retaining a 10% stake post- syndication1

Attractive Returns

• Accretive transaction expected to generate a 13%2 year one ROE (including fees) for GLP

• Portfolio is being acquired at a going-in cap rate of 5.7%

• Long-term, low-cost fixed-rate debt locks in attractive returns for GLP

High Quality Portfolio Solidifies

GLP's US

Presence

• GLP leverages existing platform to pursue enhanced network benefits in the strongest US markets

• GLP solidifies position as the 2nd largest owner and operator of logistics facilities in the US

• 15 million sf portfolio one of the highest quality logistics real estate portfolios in the US

  • Fully leased with long WALE of 9 years and strong tenant base

  • Concentrated in desirable locations expected to benefit greatly from e-commerce

Note:

1. Syndication is subject to customary regulatory approvals in investors' respective home countries and the US (as applicable)

2. Determined using, among other things, estimates of fund management fees and rental income 2

   Accretive Opportunity for GLP
   • US$1.1bn transaction is expected to be funded by US$470m of equity & US$635m of debt
   • GLP's 10% equity stake of US$47 million is expected to generate first year ROE of 13%1

     • Long-term, low-cost fixed-rate debt locks in attractive returns for GLP

Financing Structure2

• GLP's 10% equity stake of US$47m to be funded by cash on hand and existing credit facilities

• GLP expects to sign with capital partners by initial closing in December 2016

Total Equity US$470 million

Total Debt US$635 million

• 57.5% Loan-to-Value

• Initial Closing: 12-year fixed-rate loan at 3.5%

• Future Closings: 5-year revolving credit facility

Note:

1. Determined using, among other things, estimates of fund management fees and rental income 3

2. Any discrepancy between sum of individual amounts and total is due to rounding

   Favorable Acquisition Structure

   • Favorable acquisition structure locks in long-term tenants while eliminating lease-up risk

   • Transaction demonstrates GLP's ability to leverage existing platform to pursue enhanced network benefits in the strongest markets

   • Portfolio being acquired from Hillwood is one of the highest quality logistics real estate portfolios in the US

   • Hillwood is a premier property developer in the US sponsored by Ross Perot, Jr.

• US$700 million completed portfolio to be acquired in December 2016

• 10 million sq ft of newly built Class A, state-of- the art logistics facilities

• 100% occupied; 80% of customers are investment grade credit or public companies

• US$400 million development portfolio to be acquired in phases

• 5 million sq ft of brand new Class A, state-of-the art logistics facilities

• Subject to completion and satisfaction of stringent lease-up metrics

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