Global Logistic Properties : STATUTORY ANNOUNCEMENT - NOTIFICATION OF DISCLOSURE OF DEALINGS

DEALINGS DISCLOSURE

1. INTRODUCTION

   Merrill Lynch (Singapore) Pte. Ltd. ("MLS") refers to the announcement dated 14 July 2017 ("Joint Announcement") in relation to the proposed acquisition by Nesta Investment Holdings Limited of all the issued ordinary shares ("Shares") in the capital of Global Logistic Properties Limited ("Offeree") by way of a scheme of arrangement under Section 210 of the Companies Act (Cap. 50) of Singapore ("Scheme"), in accordance with the Singapore Code on Take-overs and Mergers ("Code").

   All capitalised terms used and not defined herein shall have the same meanings as ascribed to them in the Joint Announcement.

2. DEALINGS

   Our holding entity, Bank of America Corporation ("BOA") and consequently, the group of corporations under BOA, is an associate of the Offeree by virtue of it holding 5% or more of the Shares in issue at the time of the relevant dealing. In addition MLS is an associate of the Offeree by virtue of it being the financial adviser to GIC Private Limited, an associate of the Offeree.

   Pursuant to Rule 12.1 of the Code, MLS wishes to announce the following dealings in Shares by MLS and its associates for their own account or for the account of discretionary investment clients:

   Date of dealing	1 August 2017
   Name of entity	Merrill Lynch International
   Nature of dealing	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders
   Total number of shares	Purchase 1,600 shares
   Price per share	SGD 3.32

   Date of dealing	1 August 2017
   Name of entity	Merrill Lynch International
   Nature of dealing	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders
   Total number of shares	Purchase 200 shares
   Price per share	SGD 3.31

   T +65 6678 0000

   Merrill Lynch (Singapore) Pte. Ltd.

   50 Collyer Quay, #14-01 OUE Bayfront, Singapore 049321

   A company wholly owned by Bank of America Corporation

   Incorporated under the laws of Singapore under Company Registration No. 198602883D

   Date of dealing	1 August 2017
   Name of entity	Merrill Lynch International
   Nature of dealing	Passive hedge related to dealing in pre-existing index-tracking derivatives as a result of client orders, where the relevant securities represent less than 1% of the class in issue and less than 20% of the value of the securities in the basket or index
   Total number of shares	Sale 5,600 shares
   Price per share	SGD3.32

   Resultant total number of Shares owned or controlled: 729,384,720 shares Percentage of Shares owned or controlled: 15.53%

3. RESPONSIBILITY STATEMENT

The directors of MLS (including any who may have delegated detailed supervision of this Announcement) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this Announcement are fair and accurate and that no material facts have been omitted from this Announcement, the omission of which would make any statement in this Announcement misleading, and they jointly and severally accept responsibility accordingly.

Issued by

2 August 2017 Singapore