Acquisition of Port property, Malaysia 21 May 2007 Agenda

ƒ Details of the property:

¾ Lot No. 1830, Jalan Kem, Off Jalan Teluk Gong, Kawasan Perindustrian , 42000 Pelabuhan Klang, , Malaysia

ƒ Impact on MapletreeLog

¾ Acquisition is DPU-accretive

¾ Tenant concentration

¾ Asset mix

¾ Average lease duration

¾ Unexpired lease of underlying land

¾ Geographical allocation of portfolio

1 1 property ƒ Purchase Price : RM32 million (approx. S$14 million)

ƒ Valuation : RM33.5 million (approx. S$15 million) by VPC Alliance (KL) Sdn Bhd dated 24 Apr 07

ƒ Land tenure : Freehold

ƒ Land area : 58,426 sqm (approx.) GFA : 25,734 sqm (approx.) Lettable area : 25,734 sqm (approx.)

Port Klang property comprises two blocks of ƒ Vendor : Leading provider of value-added single-storey warehouses with ancillary office integrated supply chain solutions and is listed space. on Bursa Saham, Malaysia It is in the Pandamaran Industrial Estate, a ƒ Lease terms : outright sale with assignment commercial and industrial hub close to Port of an existing tenancy agreement (for 3 years Klang and Kuala Lumpur. The property has easy with automatic renewal for another 2 years, access via the KL Expressway. with option to extend for another 2 years)

ƒ Outgoings: Landlord responsible for property maintenance expenses.

2 2 Acquisition is DPU-accretive

Port Klang property

Total Return (over 10 years) 9.50%

DPU impact1 0.023 Singapore cents (proforma annualised impact)

1. Assuming Mapletreelog had purchased, held and operated the property for the financial year ended 31 December 2006 (based on 41 properties) and that the acquisition is 60% locally debt-funded

3 3 Tenant concentration

Top 10 Tenants of the Entire Portfolio by Gross Revenue for the Month of March 2007

Pre-Acquisition Post-Acquisition 5% 4.5% 4.4% 5% 4.2% 4.1% 4% 3.7% 3.7% 3.6%3.6% 4%

3% 2.7% 2.7%

3% 2.3%2.3%

2% 1.7% 1.7% 1.6% 1.6% 1.6% 1.6% 1.5% 1.5% 2%

1%

1%

0% Ev er Gain Zama Centre Teck Wah Kyoto Centre Vopak Fu Yu Crescendas Taiun Atsugi Centre DG Logistik Group tenant Industrial Tenant Terminals Corporation Distribution tenant Corporation

Pre-Acquisition (portfolio of 63 properties, including announced acquisitions) Post-Acquisition (portfolio of 64 properties, including announced acquisitions and Port Klang property)

4 4 Asset mix

Before the acquisition After the acquisition

Gross Revenue Contribution by Trade (Post-Acquisition) Gross Revenue Contribution by Trade (Post-Acquisition)

Oil & Chemical Oil & Chemical Logistics Logistics FTZ 3PL FTZ 3PL Industrial 4.2% Industrial 4.5% 4.5% 6.0% Warehousing Warehousing 11.6% 12.4%

Distribution Centre Distribution Centre 23.2% 24.5% Non-FTZ 3PL Non-FTZ 3PL 45.9% 50.4%

Food & Cold Storage Food & Cold 6.6% Storage 6.2%

(1) Pre-Acquisition (portfolio of 63 properties, including announced acquisitions); Post-Acquisition (portfolio of 64 properties, including announced acquisitions and Port Klang property)

(2) Port Klang property has been classified under the “Non-FTZ 3PL” category. (3) The charts’ Gross Revenue figures are computed for the month of March 2007, assuming that all new acquisitions announced after March 2007 have contributed to the total gross revenue for the month.

5 5 Average lease duration

Lease Expiry Profile by Gross Revenue (for the Month of March 2007)

45% Pre-Acquisition Post-Acquisition

40% 38.4% 38.0%

35%

30%

25%

20% 17.3% 17.1% 13.7% 15% 13.6% 9.9% 9.8% 8.7% 10% 8.7% 6.0% 6.0% 5.6% 6.4% 5%

0% Ex piring in Expiring in Expiring in Expiring in Ex piring in Expiring in Expiring after 2007 2008 2009 2010 2011 2012 2012

Pre-Acquisition Post-Acquisition (63 properties) (64 properties including Port Klang property)

Weighted average lease term to expiry 5.7 years 5.7 years

6 6 Unexpired lease of underlying land

Remaining Years to Expiry of Underlying Land Lease

Pre-Acquisition Post-Acquisition 50%

45% 43.8%44.6%

40%

35%

30% 28.9%28.5%

25%

20% 14 . 9 %14 . 7 % 15%

10% 8.2% 8.1% % of Total Lettable Area Lettable % Total of 5% 3.5% 3.5% 0.8%0.7% 0% 0 - 20 yrs 21 - 30 yrs 31 - 40 yrs 41 - 50 yrs 51 - 60 yrs > 60 yrs

Pre-Acquisition Post-Acquisition (63 properties) (64 properties including Port Klang property)

Weighted average of unexpired lease term of 132.4 years 144.6 years* underlying land

* For purposes of computation, land tenure for the freehold property is assumed to be 999 years

7 7 Geographical allocation of portfolio

Before the acquisition After the acquisition

Country Allocation - By Gross Revenue Country Allocation - By Gross Revenue (Pre-Acquisition) (Post-Acquisition) Japan Japan 13% 13% Malaysia Malaysia 5% 6%

China Singapore China Singapore 5% 51% 5% 51%

Hong Kong Hong Kong 26% 25%

(1) Pre-Acquisition (portfolio of 63 properties, including announced acquisitions); Post-Acquisition (portfolio of 64 properties, including announced acquisitions and Port Klang property) (2) The charts’ Gross Revenue figures are computed for the month of March 2007, assuming that all new acquisitions announced after March 2007 have contributed to the total gross revenue for the month

8 8 Disclaimer

The value of units in MapletreeLog (“Units”) and the income from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. The past performance of MapletreeLog is not necessarily indicative of its future performance.

This release may contain forward-looking statements that involve risks and uncertainties. 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. Representatives examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of property rental income, changes in operating expenses, including employee wages, benefits and training, property expenses and 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 current view of management on future events.

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