GLOBAL LOGISTIC PROPERTIES LIMITED

(Registration No. 200715832Z) (Incorporated in Singapore on August 28, 2007)

GLP US Income Partners III - Further Syndication of Stake

Global Logistic Properties Limited (the "Company" and together with its subsidiaries, the "Group") refers to previous announcements in relation to, inter alia, the establishment of Harvest Logistics Holdings, LP ("GLP US Income Partners III" or the "Fund") and the completion of the acquisition of the initial portfolio of industrial assets in the United States of America (the "Initial Portfolio") by the Group, through the Fund (the "Initial Acquisition"), including the announcements dated 22 December 2016 and 30 December 2016 (the "Announcements").

As stated in the Announcements, US$620 million of equity has been committed to the Fund by the Company, through New Harvest Holdings, LLC ("New Harvest") (an indirect wholly-owned subsidiary of the Company and a limited partner of the Fund), and six institutional investors (the "Committed Co-Investors"), and capital contributions have been made by two of the Committed Co-Investors corresponding to approximately 17.8% of the aggregate capital contributions made to the Fund as of such date.

In this regard, the Company wishes to announce that another Committed Co-Investor has, on 17 January 2017, made its initial capital contribution of approximately US$26,000,000 (the "Further Syndication") corresponding to approximately 8.1% of the aggregate capital contributions made to the Fund as of the date hereof (the "Further Syndicated Interest"). Such Committed Co-Investor's initial capital contribution was arrived at after taking into account, amongst others, the Fund's acquisition cost of the Initial Portfolio and was satisfied in cash.

As at the completion of the Initial Acquisition, the consolidated book value and net tangible asset value attributable to the Further Syndicated Interest was approximately US$26,000,000.

Following the completion of the Further Syndication, the interest of New Harvest in the Fund and its subsidiaries set out in Appendix A has been reduced from approximately 82.2% to 74.1%.

Please refer to the press release entitled "GLP Establishes US$1.5 billion GLP US Income Partners III" dated 14 December 2016 for further information on the Fund.

By Order of the Board of

GLOBAL LOGISTIC PROPERTIES LIMITED

Ming Z. Mei

Chief Executive Officer 18 January 2017

APPENDIX A List of Subsidiaries

No.

Name of Company

1.

Harvest Logistics Investment II GP, LLC

2.

Harvest Logistics Investment II, LP, together with the following subsidiaries:

3.

Harvest Logistics Investment GP, LLC

4.

Harvest Logistics Investment, LP, together with the subsidiaries listed below.

5.

Harvest A REIT, LLC,

together with the following subsidiaries:

6.

Harvest A Gross Farm, LLC

7.

Harvest A OSR, LLC

8.

Harvest A Jiles, LLC

9.

Harvest A Fuji, LLC

10.

Harvest A 825 Turnberry, LLC

11.

Harvest A Carlow Ten, LLC

12.

Harvest A Cherry Hill 8, LLC

13.

Harvest A Fox River One, LLC

14.

Harvest A Fullerton CS, LLC

15.

Harvest A Turnberry Center, LLC

16.

Harvest A Laraway, LLC

17.

Harvest A 3838 Miller, LLC

18.

Harvest A Southfield 35, LLC

19.

Harvest A MCCP 104, LLC

20.

Harvest A DP-Cincinnati, LLC

21.

Harvest B REIT, LLC,

together with the following subsidiaries:

22.

Harvest B Braselton, LLC

23.

Harvest B Southside, LLC

Global Logistic Properties Limited published this content on 18 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 January 2017 23:26:02 UTC.

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