GLP to Build Two Hope Schools in China to Commemorate Listing on SGX-ST

Singapore, October 18, 2010 - Global Logistic Properties Limited (“GLP” or “the Company”), a market leader in modern logistics facilities in China and Japan, announced that it would build two more Hope Schools in China, particularly in areas impacted by recent natural disasters like floods and earthquakes to commemorate its listing on the Main Board of Singapore Exchange Securities Trading Limited (“SGX-ST”).

GLP commenced trading on the Main Board of SGX-ST today. At the close of the Offer on October 14, 2010, the Initial Public Offer (“IPO or the “Offering”) of 1,173,244,000,000 Offering Shares was approximately 12 times subscribed. Both institutional and retail demand were strong, with the former approximately 12 times subscribed and the latter approximately 11 times subscribed.

To demonstrate the Company’s long-term commitment to give back to the local communities in which it operates, GLP has donated to the GLP Hope School Fund one RMB for every square meter that it invests in China. For every 500,000 square meters of industrial space that the Company builds, GLP has built and donated a Hope School in the remote and under-developed regions of China.

This CSR programme was implemented in 2006 by our China subsidiary, then led by the Company’s current management team. To-date, five Hope Schools have been completed and the sixth Hope School is currently under construction. Altogether, this community initiative has resulted in around 6,200 sqm of gross floor area (“GFA”) of classrooms, teachers’ offices, dormitories, playgrounds, sports facilities, washrooms as well as walking paths that help children get to school safely. They serve a total of 1,312 children in five different provinces.

In 2007, the first three Hope Schools were commenced in Wuzhou, Guangxi as well as Zhongning and Tongxin, both located in Ningxia province. The fourth Hope School - in Wafangdian, Dalian –started in 2008 and fifth School in Shiping, Yunnan in 2009. The sixth Hope School commenced construction in Luoyang, Henan in July this year. With the two additional Hope Schools to mark GLP’s successful listing in Singapore, this brings the total number of Hope Schools funded by GLP to eight.

Mr Ming Z Mei, GLP’s Chief Executive Officer said: “This is a long-term community programme that allows GLP to make a significant positive social impact. It is much more than brick-and-mortar. We have established a volunteering mechanism within the Company whereby our employees embrace this community effort and engage themselves through visits and various donation and volunteering activities.

“It is therefore most befitting that we pledge two additional Hope Schools to commemorate GLP’s listing on Singapore Exchange Securities Trading Limited. It is our way of sharing with the less fortunate in the communities in which the Company operates.”

The Offering

GLP launched an IPO of 1,173,244,000 Offering Shares, comprising an international placement of 1,070,869,000 Offering Shares at S$1.96 each (inclusive of a public offering without listing of 102,375,000 Offering Shares in Japan) and a public offer of 102,375,000 Offering Shares in Singapore at S$1.96 each.

Excluding the over-allotment option in respect of 234,648,000 shares (the “Over-allotment Option”), the Offering and the cornerstone tranche raised gross proceeds of approximately S$3.5 billion. Assuming the Over-allotment Option is fully exercised, the gross proceeds raised from the Global Offering are estimated to be S$3.9 billion.

The total number of issued and outstanding shares immediately following the IPO will be 4,506,689,664 Shares. Its market capitalization, at the Offering Price of S$1.96, will be approximately S$8.8 billion, placing GLP amongst the top 30 largest companies listed on SGX-ST.