112212 November Investor Presentation

Investor Meetings

November 2012 Disclaimer

The information contained in this presentation (the “Information”) is provided by Global Logistic Properties Limited (the “Company”) to you solely for your reference and may not be retransmitted or distributed to any other person. The Information has not been independently verified and may not contain all material information concerning the Company or its subsidiaries. Please refer to our unaudited financial statements for a complete report of our financial performance and position. None of the Company or any of their members, directors, officers, employees or affiliates nor any other person accepts any liability (in negligence, or otherwise) whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith.

This presentation contains statements that constitute forward-looking statements which involve risks and uncertainties. These statements include descriptions regarding the intent, belief or current expectations of the Company with respect to the consolidated results of operations and financial condition, and future events and plans, of the Company. These statements can be recognised by the use of words such as “experts”, “plans”, “will”, “estimates”, “projects”, or words of similar meaning. Such forward-looking statements do not guarantee future performance and actual results may differ from those in the forward-looking statements as a result of various factors and assumptions. You are cautioned not to place undue reliance on these forward- looking statements, which are based on the current view of the management of the Company on future events. The Company does not undertake to revise forward-looking statements to reflect future events or cirumstances. No assurance can be given that future events will occur, that projections will be achieved, or that the Company’s assumptions are correct.

2 GLP Park Linjiang 01. Company Overview

01. Company Overview 02. Market 03. Platform 04. Strategy 05. Appendix GLP Park Pavuna GLP Tosu I GLP Park Hongqiao (West)

3 About Global Logistic Properties

GLP is one of the world’s leading industrial and logistics infrastructure Pro Forma NAV Breakdown 2 providers Net cash in Singapore GLP is market leader in the world’s best markets for logistics facilities, Brazil 5% operating across 60 cities in China, Japan and Brazil 1, managing a 4% 2 US$16 billion property portfolio China Japan 44% GLP provides the best solution of logistics infrastructure for MNCs and 47% local enterprises across industries

GLP is a SGX listed company with market capitalization of S$12.3 billion 3; GIC is the largest single investor in GLP

GLP Park Suzhou GLP Park Tokyo GLP Park Colgate & Elog China Japan Brazil

Notes: 1. GLP signed a sales and purchase agreement to acquire the Brazil portfolio on Nov 14, 2012 2. As of Sep 30, 2012, assumes Brazil acquisition completed as of that date 4 3. As of Nov 9, 2012 Leading Market Positions in Best Markets

GLP’s Global Footprint

Brazil China • • Presence in 22 cities in 7 major markets Presence in 31 cities • (1)(2) • 2.1mm sqm of GLA (1)(2) 12.1mm sqm of GFA • (1) • 1.3mm sqm of completed GLA (1) 6.9mm sqm of completed GFA • (3) • 0.9mm sqm of development pipeline (3) 5.2mm sqm of development pipeline • 9.5mm sqm of land reserve (4)

RR AP

AM PA MA CE RN PI PB AC PE SE AL RO TO BA Japan MT • DF Presence in 7 cities GO • 4.1mm sqm of GFA (1)(2) ES MG MS • 3.6mm sqm of completed GFA (1) SP RJ • 0.4mm sqm of development pipeline (3) PR São Paulo SC RS

Leading Provider of Modern Logistics Facilities in the Best Markets

Notes: (1) 100% basis as of Sep 30, 2012 and exclude GFA attributable to the BLOGIS acquisition (2) Include GFA (GLA for Brazil) for completed and stabilised properties, completed and pre-stabilised properties, other facilities, properties under development or being repositioned, and land held for future development but exclude land reserves (3) Buildable GLA for Brazil and buildable GFA for both China and Japan 5 (4) Land reserves are not recognized on the balance sheet and there is a possibility that it may not convert into land bank (5) Any discrepancies between individual amounts and total is due to rounding Proven Track Record of Delivering Growth

GFA of Completed Properties (1) (2)

(mm sqm)

Portfolio Growth of GLP

FY04 - 2QFY13 GFA CAGR: 60% 11.8

FY04 – PF 2QFY13 GFA CAGR: 62% 10.0 1.3 0.5

6.8 6.0 6.4 6.9 5.4 3.8 4.0 2.6 3.2 2.3 1.4 1.3 0.8 3.6 3.6 0.6 2.8 2.8 2.8 0.2 0.3 1.6 2.4 0.2 0.5 0.1 1.0 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 PF 2QFY13

Japan China Brazil

FY04–05 FY06–09 FY10–FY13 Key • Established presence in all major logistics markets in • Established network in 18 major logistics hubs in China • Established presence in regions accounting for over 2/3 Milestones Japan (including Tokyo and Nagoya) and 6 major markets in Japan of China’s GDP

• Set up first China logistics park in Suzhou, and entered • Named best developer in China by Euromoney for the • Named best industrial developer in both Asia and China Shanghai and Guangzhou markets first time (for 6 consecutive years) in 2012 Euromoney Awards

• Selected as the exclusive distribution center provider for • Established market-leading presence in Brazil the 2008 Olympic Games

(1) Completed properties only on a 100% basis (2) PF 2QFY13 includes completed properties from Brazil on a 100% basis 6 Unrivalled Network in China, Japan and Brazil

• Significant barriers to entry • Benefiting from the increased economies of scale China (1) Japan (2) Brazil (3)

(mm sqm) (mm sqm) (mm sqm)

5.0

3.6 GLP GLP Stake: 19.9% GLP Stake: 53.1% GLP Stake: 50–85% GLP Stake: 90–100%

2.5 2.1 Includes development pipeline of 0.9mm sqm 0.9 1.1 0.9 1.1 0.7 0.6 0.5 0.6 0.4 0.5 0.5 0.4 0.4 0.4 0.4 0.3 0.3 0.3 0.2 1.3 0.3 0.2 0.2 (1) LIM JLF GLP GLP ACL Hines Yupei GLP GLP Blogis Vailog Prologis Prologis Fortress CBRE RE CBRE MRV Log MRV Goodman Mapletree Goodman SG Realty SG Mapletree Nomura RE Nomura Daiwa House Daiwa BR Properties BR CCP / ProLogis / CCP GWI Real Estate Real GWI

Source: Company websites, various news sources, CBRE estimates based on available information (1) As of Sep 30, 2012 and GFA of GLP includes completed GFA for modern logistics facilities and GFA of ACL, Yupei and Vailog in which GLP holds a stake. Excludes industrial and other properties of 1.9mm sqm (2) As of Sep 30, 2012 (3) Includes industrial properties 7 (4) Any discrepancies between individual amounts and total is due to rounding GLP Brazil Compelling Strategic Rationale

• Partnering with CIC, CPPIB and GIC to acquire best-in-class platform in Brazil for US$1.45bn Strategic • Establishing #1 market positioning with large development pipeline driving future growth Acquisition • (1) Overview Levered property IRRs of ~18 - 19% , with fees and promotes providing further upside to GLP • GLP’s initial pro-rata equity contribution of US$334mm will be funded with an equity placement

• Brazil is the 6 th largest economy globally and has robust macro-economic fundamentals Focus on the • Limited supply of modern logistics facilities amidst a growing and underserved market Best Markets • Capitalize on early-mover advantage by establishing market-leading position

• Leverage our strong relationships with global institutional investors Expand Our Fund Management • Together with the J-REIT monetization, our assets under management will almost triple to US$7.2bn Platform • Significant growth in recurring fee income

• Recycle capital into high growth emerging markets Create Synergies • Immediate scale in Brazil allows us to enhance our “Network Effect” with Existing Platform • Leading market positions in best markets globally

8 (1) Post taxes, pre-fees and pre-promote GLP Brazil Stabilized Joint Venture Overview

Joint Venture Summary Geographical Breakdown by Owned GLA (%)

34 Stabilized Assets Portfolio 1 Development Project Owned GLA 1,216,020 sqm Others Acquisition Price US$1,098mm 13% Incremental Development Spend US$83mm GLP Share of Incremental Development US$28mm Spend LTV 49% Initial Equity US$564mm Rio de Sao Paulo Janeiro 55% GLP Share of Initial Equity US$193mm 32% Occupancy Rate (1) 100% Weighted Average Lease Expiry 8.5 Years 18%, with fees and promote providing Levered Property IRR (2) further upside Ownership (%) Breakdown of Leased Area (%) CPP Import / 11.6% Export 13% GLP 34.2% GIC 20.0%

CIC Domestic 34.2% Demand 87% 9 (1) Stabilized assets only (2) Post taxes, pre-fees and pre-promote GLP Brazil Development Joint Venture Overview

Joint Venture Overview Geographical Breakdown by Owned GLA (%)

Portfolio 5 Development Projects

Owned GLA 750,938 sqm Others Acquisition Price US$352mm 10%

Incremental Development Spend US$455mm

GLP Share of Incremental Development US$188mm Spend

Target LTV 15%

Initial Equity US$341mm

GLP Share of Initial Equity US$141mm Sao Paulo 19%, with fees and promote providing 90% Levered Property IRR (1) further upside

Ownership (%) Target Capital Expenditure Schedule (US$mm)

$50 $43 CPP GLP 39.6% 41.3% $146 $455

$217

GIC Year 1 Year 2 Year 3 >Year 3 Total Capex 19.1% 10 (1) Post taxes, pre-fees and pre-promote GLP J-REIT Compelling Strategic Rationale

• Strategic Monetizing 30 stabilized Japan assets for US$2.6bn Monetization • US$1.3bn used to repay secured debt; US$0.2bn for 15% (estimated) stake in GLP J-REIT Overview • GLP will continue to manage these assets

Active Recycling • US$1.0bn of investable proceeds to fund higher return opportunities of Capital • Creation of a perpetual capital vehicle for future capital recycling in Japan

Expand our Fund • Additional recurring cash flow streams from GLP J-REIT in the form of fee income and dividends Management Platform • Together with the Brazil acquisition, our current AUM of US$2.6bn will almost triple to US$7.2bn

Committed to a • Reduces net debt by an additional US$2.3bn to US$0.7bn Fortress • Balance Sheet Creates fortress balance sheet with unmatched access to capital

11 GLP J-REIT Overview

Overview Corporate Structure

Initial Asset Size US$2.6bn (1) Sponsor Group LTV Target 45-55% 100%

30 modern logistics facilities in Japan, majority in Initial Portfolio Tokyo and Osaka

GFA 1,117,908 sqm 15% C B GLP Stake 15% (estimated)

Key Dates Acquisition of Assets: January 4, 2013 J-REIT

Embedded Acquisition Pipeline Asset Manager A • Option to purchase 3 additional assets that are 100% occupied and have a total GFA of 60,554 sqm Purchase Options • Options expire in November 2015 • Exercise price fixed at appraised value • Potential to add more purchase options

• On 38 properties (2) for 10 years (A) Asset Management Agreement (B) Purchase Option Agreement Right of First Look • (C) Right of First Look Agreement / Sponsor Support Agreement (support in market research, 1,423,143 sqm of additional GFA acquisition of assets, operations, leasing and managing properties)

(1) Based on planned purchase price. (2) Includes the 3 purchase option properties. 12 GLP vs. GLP J-REIT Portfolio

Location Building Scale Lease Expiry

10,000 Other 100,000 7 years -30,000 or more 15% sqm sqm Less than or more 21% 21% 3 years J-REIT 30% 33% Tokyo 5-7 years Osaka 30,000 55% 13% 30% -50,000 50,000 sqm -100,000 3-5 years 27% sqm 33% 22%

Less than 10,000 sqm 10,000 100,000 Other 7 years 1% -30,000 sqm Less than 18% or more sqm or more 3 years 25% GLP 24% 24% 31% Remaining Tokyo Osaka 54% 30,000 50,000 Portfolio -50,000 5-7 years 28% -100,000 21% sqm sqm 3-5 years 23% 21% 30%

1. All data is as of 30 June, 2012, based on GFA sqm. 2. GLP Remaining Portfolio comprises 38 wholly owned properties (including the 3 properties for the Optional Sale) after the Initial Sale of 30 properties 13 Fund Management Platform Poised for Growth

Fund Management Platform Assets Under Management (US$bn) (1)

AUM would almost triple with Brazil Acquisition and J-REIT Monetization Vintage Sep 2011 Dec 2011 Nov 2012 Nov 2012 Jan 2013 $2.6

Completed Asset US$1.0bn US$1.6bn US$1.2bn US$0.8bn US$2.6bn Value

CIC, CPPIB Joint Venture Partners CPPIB CIC & CBRE CPPIB & GIC Public $2.0 $7.2 & GIC

Total Equity US$0.5bn US$0.5bn US$0.7bn US$0.5bn US$1.3bn Commitment $1.6 $2.6

GLP Co-investment 50.0% 33.3% 34.2% 41.3% 15.0% $1.0

GLP- GLP-CIC- Current Brazil J-REIT PF AUM Investment Mandate Development Core Core Development Core CPPIB JV CBRE JV AUM JVs

Aligned Interests Proven Track Record Scalable Platform

(1) Assets under management based on completed asset value; does not factor in potential value creation 14 Proven Track Record of Delivering Growth

GFA of Completed Properties (1) (2)

(mm sqm)

Portfolio Growth of GLP FY04 - 1QFY13 GFA CAGR: 62% 11.2 FY04 – PF 1QFY13 GFA CAGR: 64% 10.0 0.5 1.1

6.8 6.0 6.4 6.5 5.4 3.8 4.0 2.6 3.2 2.3 1.4 1.3 0.8 3.6 3.6 0.6 2.8 2.8 2.8 0.2 0.3 1.6 2.4 0.2 0.5 0.1 1.0 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 PF 1QFY13

Japan China Brazil

• Set up first China logistics park in Suzhou, and entered • Named best developer in China by Euromoney for the • Fund management platform has grown [9] times since Shanghai and Guangzhou markets first time 1st fund closing in September 2011

• Selected as the exclusive distribution center provider for • Named best industrial developer in both Asia and China the 2008 Olympic Games (for 6 consecutive years) in 2012 Euromoney Awards

• Established market-leading presence in Brazil

(1) Completed properties only on a 100% basis (2) PF 1QFY13 includes completed properties, on a 100% basis from the Stabilized JV 15 Unrivalled Network in China, Japan and Brazil

• Significant barriers to entry • Benefiting from the increased economies of scale China (1) Japan (2) Brazil (3)

(mm sqm) (mm sqm) (mm sqm)

5.0

3.6 GLP GLP Stake: 19.9% GLP Stake: 53.1% GLP Stake: 50–85% GLP Stake: 90–100%

Source: Company websites, various news sources, CBRE estimates based on available information (1) As of Sep 30, 2012 and GFA of GLP includes completed GFA for modern logistics facilities and GFA of ACL, Yupei and Vailog in which GLP holds a stake. Excludes industrial and other properties of 1.9mm sqm (2) As of Sep 30, 2012 (3) Includes industrial properties 16 (4) Any discrepancies between individual amounts and total is due to rounding Low Leverage and Significant Cash on Hand

Summary of Group Financial Position As at As at Change (US$ million) Sep 30, 2012 Mar 31, 2012 % Total assets 14,463 13,580 6.5

Total equity 8,746 8,308 5.3

Cash 1,434 1,616 (11.3)

Total loans and borrowings 4,492 4,175 7.6

Net debt 3,057 2,559 19.5

Weighted average interest cost 1 2.6% 2.7% (0.1)

Leverage Ratios as of Sep 30, 2012 Debt Ratios for the period ended Sep 30, 2012

• EBITDA 3: US$292.1m • Interest 4: US$48.8m

2 5

Notes: 1. Includes amortisation of transaction costs for bonds and loans and annualised 2. Total Assets excludes cash balances as at Sep 30, 2012 3. EBITDA defined as earnings before net interest expense, income tax, amortisation and depreciation, excluding revaluation 4. Gross interest before deductions of capitalized interest and interest income 17 5. EBITDA annualised Unique Investment Proposition with a Focus on the Best Markets

Outsourcing & e-commerce trends in Japan China & Brazil domestic consumption growth Strong capital structure Limited supply of modern Experienced facilities in China, Japan team Vast China & Brazil land bank Unrivalled network in Attractive China, Japan Markets & Brazil Powerful Grow land bank Platform Acquire 3rd party assets Robust Recycle capital Strategy

18 GLP Park Hermes 02 . Market

01. Company Overview 02. Market 03. Platform 04. Strategy 05. Appendix GLP Park Dianshanhu GLP Park Tokyo II GLP Mabe Over 75% of China Warehouses Do Not Meet Modern Logistics Requirements & Face Demolition Amid Urbanization

Current Supply of Logistics Facilities in the US is ~14 Limited Supply of Modern Logistics Facilities in China times that of China Warehouse stock: GFA (sqm) per capita Interior Exterior Characteristics > Wide column spacing 6.00 5.16 > Large floor plates 5.00 > High ceilings 4.00 > Modern loading docks,

3.00 14x Modern enhanced safety systems 2.00 and other value-added features 1.00 0.38 0.00 > Some converted from China United States factories Source: China Association of Warehouses and Storage; CB Richard Ellis estimates; CIA The World Factbook > Insufficient clear height and

Middle lack of loading docks Major Modern Logistics Facilities 1 Account for 2% of > Lack of office space Total Market Supply in China > Poorly constructed (million sqm) 550.0 > Restricted vehicle accessibility Low-end

13.0

Major Modern Logistics Total Market Supply of Logistics Facilities 1 Facilities Source: China Association of Warehouses and Storage, CB Richard Ellis and JLL

Notes: 20 1. In 11 major cities Domestic Consumption Driving Logistics Needs

Breakdown of Leased Area in China (Sep 2012) Retail sales have grown by CAGR of 17% in past 7 1 Import/ years export related Retail sales forecast to grow by 14.8% and 16.0% 20% in 2012 and 2013 respectively 2

Urbanization trends boosting consumption Domestic demand Urbanization ratio has increased by 3% from related 48.3% in 2009 to 51.3% in 2011, and it is expected 80% to further increase rapidly 13m people migrate to urban areas annually 1 Increasing household income per capita Top 10 Tenants in China (Sep 2012) triggering wave of consumption growth Rank Name Industry % leased area Coastal area income per capita reached inflexion 1 Amazon 3 Retailer 5.3% point of USD5,000, triggering consumption of 2 Nice Talent 3PL 2.4% 3 automobiles and other durable goods 3 Vancl Retailer 2.1% 4 Toll Warehouse 3PL 2.1% Government focused on making domestic 5 Deppon 3PL 1.7% consumption the growth engine of the economy 6 Schenker 3PL 1.6% 7 DHL 3PL 1.6% th The 12 Five-year plan (2011-2015) to increase 8 360buy 3 Retailer 1.5% reliance on domestic growth 9 PGL 3PL 1.3% 10 Dahang (Hitachi) 3PL 1.3%

Notes: Total 20.9% 1. National Statistics Bureau of China; China’s 12 th Five Year Plan 21 2. Jul 2012 issue of consensus forecast 3. E-commerce related tenant Capitalizing on China’s Fast Evolving Retail Landscape

Chain Store Sales as % of Total Retail 2006-2011 Online Retail Sales in China

RMB Bn 80% 65% 900 774 800 60% Huge room 700 5-year CAGR:97% to grow 600 498 40% 500 400 263 300 20% 10% 200 128 5% 100 26 56 0 0% 2006 2007 2008 2009 2010 2011 India China US

Source ：Strong and Steady, 2011 Asia ‘s Retail and Consumption Outlook by PWC Source: iResearch Consulting Group; Ministry of Commerce

GLP’s modern logistic facilities support the rapid growth of chain stores in China Accelerating store opening of major chain stores in China, number of Watsons stores in China has been growing at a CAGR of 34% from 2007 to 2011 China’s retail chain market has significant room to grow compared to the U.S.

E-commerce is a fast growing industry for GLP On-line retail sales has doubled every year since 2005 (5-year CAGR of 97%)

Online retail volume made up 4.3% of the total retail sales in 2011 22 Limited Supply of Modern Logistics Facilities in Japan

Modern Logistics Facilities in Japan are Scarce¹ Various Features of Modern Logistics Facilities

Modern Logistic Facilities 2.5%

Large Floor Area High Ceilings High Load Tolerance Others 97.5% 10,000 sqm or more 5.5 m or more 1.5 t/sqm or more Source:Source: JLLCBRE

Existing Facilities Not Built to Modern Standards

Existing Logistics Facilities Modern Logistics Facilities

Wide Column Spacing Broad Truck Yard High-floored Berth

> Owned by users > Leased spaces, largely to 3PL Small-sized and old facilities operators > Elevator with Large Dock Leveler Ramp Ways > Fragmented market > Large-sized modern facilities Capacity > Few players of scale 23 Notes: 1. Represents facilities with GFA ≥ 10,000 sqm Growth of Outsourcing & E-Commerce Trends Drives Demand for Modern Logistics Facilities in Japan

Growth of Japanese Third Party Logistics (“3PL”) Market Market Size of B to C E-Commerce in Japan

(JPY billion) (JPY billion) 2000 1,784 9,000 8,459 1800 7,788 8,000 1600 1,461 7,000 6,696 1400 1,306 1,275 1,272 6,089 1200 1,124 6,000 5,344 1,001 1000 5,000 4,391

800 4,000 3,456

600 3,000

400 2,000

200 1,000

0 0 2005 2006 2007 2008 2009 2010 2011 2005 2006 2007 2008 2009 2010 2011 Source: Logi-Biz (Logistics Business, Sep. 2012 issue) Source: Ministry of Economy, Trade and Industry “e-Commerce Market Survey” > Strong demand from 3PL companies for GLP’s > Fast growing e-commerce market represent modern logistic facilities new growth industry for GLP - 3PL benefit from rising trend of companies - Internet/mail order service has grown by 145% in outsourcing their logistics as companies look to 6 years reduce costs and focus on their core business - Sales of e-commerce business has reached - 3PL market has grown by 78% in 6 years more than JPY 8 trillion, surpassing the combined sales of department stores in 2011 24 Favorable Macro-economic Trends in Brazil

Key Growth Drivers Real GDP Growth (%)

• 6th largest economy in the world by GDP Average: 4.0% 7.6% • Long term expanding economy 6.1% • Thriving middle class spurring domestic consumption 5.2% 3.9% • Young population to drive future economic growth 3.2% 2.7% • Vast natural resources • Low levels of debt • Supportive government measures • (0.3%) Stabilizing inflation 2005 2006 2007 2008 2009 2010 2011

Real Disposal Income Growth (%) Real Growth in Domestic Consumption (%)

Average: 5.1% 6.9% Average: 5.3% 6.9% 6.2% 5.7% 5.7% 6.1% 5.7% 5.2% 4.4% 4.5% 4.4% 4.0% 4.1%

2.5%

2005 2006 2007 2008 2009 2010 2011 2005 2006 2007 2008 2009 2010 2011 Source: World Bank and Economist Intelligence Unit 25 Brazil Logistics Real Estate Market Overview

Market Overview Modern Logistics Facilities Account for ~20% of Supply

• Less than 20% of existing stock is modern facilities with minimum clear heights of 10 meters and minimum floor Brazil: capacity of 6 ton / sqm 64mm sqm • Sao Paulo and Rio de Janeiro, which generate greater than 40% of Brazil’s GDP (1) are the two primary logistics markets • Fragmented landscape with top 3 players comprising 21% of 20% modern logistics facilities market – GLP is the #1 player with a robust development pipeline to fuel future growth Modern Logistics Facilities: ~13mm sqm

Primary Markets are Sao Paulo and Rio de Janeiro Fragmented Market Landscape (mm sqm) (2)

2.0

Others Robust development pipeline: Potential to 39% 0.8 increase presence by ~62% Sao Paulo 1.1 53%

1.2 0.4 0.3 0.2 0.1 Rio de Janeiro 8% GLP BR MRV Log GWI Real Hines CCP / Properties Estate ProLogis

Source: CBRE (1) IBGE 26 (2) Latest available company filings Robust Supply and Demand Dynamics

Key Trends Logistics Space Per Capita is 1/16 th of the US

• Logistics space per capita in Brazil is ~1/16 th of the United (sqm per capita) States 5.16 • Logistics cost as a percentage of GDP is almost twice that of the United States – As production consolidates to derive economies of scale, 16x logistics activity is expected to increase • Outsourcing will drive future growth as companies gravitate 0.33 towards an asset light strategy due to cost pressures and increased network integration United States Brazil

Logistics Cost as % of GDP Outsourcing to Drive Future Growth

15.4% 20%

80% Mostly 8.0% obsolete 80%

20%

United States Brazil United States Brazil Leased Owned 27 Source: CIA World Fact Book, CBRE and the World Bank GLP Tokyo II 03 . Platform

01. Company Overview 02. Market 03. Platform 04. Strategy

05. Appendix GLP Park AGV Logistica GLP Park Xiqing GLP Misato III Accelerating Growth in China Portfolio

Our Portfolio

As at Sept 30, 2012 As at Jun 30, 2012

Pro-rata Total GFA Pro-rata GFA 2 Total valuation1 Pro-rata valuation 1,2 Total GFA Pro-rata GFA 2 Total valuation1 Pro-rata valuation 1,2 valuation % (sqm million) (sqm million) (US$m) (US$m) (sqm million) (sqm million) (US$m) (US$m) change

China portfolio 12.1 9.1 5,962 4,331 6% 11.5 8.6 5,687 085 4,

Completed and stabilized 5.8 4.4 3,812 2,835 7% 5.5 4.0 3,612 2,657 Completed and pre-stabilized 0.4 0.3 187 160 1% 0.3 0.3 191 158 Other facilities3 0.8 0.4 195 103 1% 0.8 0.4 194 102 Properties under development or 2.5 2.1 830 645 9% 2.5 2.1 778 592 being repositioned4 Land held for future development5 2.6 2.0 938 588 4% 2.4 1.8 912 566

Japan portfolio 4.1 3.4 8,673 7,681 3% 4.0 3.3 8,393 6 7,44

Completed and stabilized 3.6 3.2 8,444 7,566 3% 3.6 3.2 8,210 7,355 Properties under development or 0.2 0.1 - - - 0.2 0.1 - - being repositioned4

Land held for future development5 0.3 0.1 230 115 26% 0.2 0.1 182 91

Total GLP portfolio 16.2 12.5 14,635 12,012 4% 15.5 12.014,080 11,531

Our China portfolio includes land reserve (d) of 9.5 million sqm in addition to the above

Note: (a) Our Portfolio comprises all assets under management which includes all properties held by subsidiaries and jointly-controlled entities but excludes Blogis (b) For details to footnotes 1,2,3,4 and 5, please refer to Detailed Notes to Financial Highlights and Portfolio Summary in appendix. (c) Exclude GFA attributable to the BLOGIS. (d) Land reserves are not recognized on the balance sheet and there is a possibility that it may not convert into land bank 29 (e) There may be discrepancies due to rounding differences. Business Highlights for 2Q FY2013 Strong Demand for GLP’s China facilities

Leasing in China remains upbeat : stabilised logistics facilities lease ratio of 90% Signed strategic partnership agreement with Haier Group to develop state-of-art logistic facilities catering to Haier’s requirements for logistic centres across China

New and expansion leased area of 359,754 sqm - up 30% from last quarter 115,328 sqm leased in Tianjin and Xi’an to Amazon, a leading global e-commerce retailer 49,100 sqm leased to Senko, a leading Japanese 3PL and one of the world’s largest food manufacturers 18,015 sqm leased to COFCO in Foshan

Same-store NOI for 1H - growth of 10.3% year-on-year Land acquisition for future development of 832,690 sqm of Site Area

Development starts of 295,490 sqm of GFA Development completion of 356,111 sqm of GFA

GLP is now present in 31 cities in China, expanding into 2 new cities in 2Q. Changsha: large consumer market with 10 th highest retail sales in China Changchun: largest vehicle manufacturing base in China 30 China Portfolio Robust Same-store NOI Growth

Portfolio Snapshot China Portfolio Sep 30, 2012 Jun 30, 2012 Total valuation 1 US$5,962 million US$5,687 million 9.5 million sqm GFA of land reserves, an increase of 7% year-on-year, providing a strong WALE 3.3 years 3.4 years pipeline for future developments Lease ratios 3 90% 91% Improving rental rates of 1.05 RMB/sqm/day No. of completed properties 384 362

2 Same-store NOI for 1H - growth of 10.3% Completed properties year-on-year (GFA sqm mil) 6.9 6.5

NAV 4 growth of 37% year-on-year NAV 4 US$3,750 million US$3,652 million

Lease ratios 3 (%) and Rental (RMB/sqm/day) 3 China Portfolio (GFA sqm mil) 12.1 11.5 92% 91% 90% 10.7 86% 90% 100% 10.4 2.6 1.00 8.7 2.4 80% 8.1 2.3 2.1 2.6 2.6 2.0 1.8 2.2 0.90 60% 2.3 1.03 1.03 1.05 1.8 0.97 0.99 40% 1.7 0.80 6.3 6.4 6.5 6.9 20% 4.1 4.9 0.70 0% FY2010 FY2011 FY2012 1Q FY13 2Q FY13 1Q 2012 2Q 2012 3Q 2012 4Q 2012 1Q 2013 2Q 2013

Note: Land held for future development 1. Includes properties in our subsidiaries and jointly-controlled entities based on 100% basis. 2. Net Operating Income is calculated as revenue less expenses Properties under development or being repositioned 3. Stabilised logistics portfolio; rental includes management fee Completed properties 31 4. Reportable segment NAV in IFRS consolidated accounts Business Highlights for 2Q FY2013 Stable Performance of GLP’s Japan Facilities

Stabilised logistics facilities lease ratio of 98% as of Sep 30, 2012. Several prospective tenants lined up to take occupancy back to 99% in the near future.

New and expansion leased area of 111,849 sqm of GFA 38,997 sqm leased in Osaka to Arata Corporation, a major consumer goods distributor in Japan 21,497 sqm leased in Greater Tokyo to H&M, an international retailer for their first distribution centre in Japan

Land acquisition for future development of 31,698 sqm of site area

Weighted average lease expiry period of 5.4 years

Stable rents with high retention rate of 81%

32 Japan Portfolio Strong Growth in Fund Fees

Portfolio Snapshot Japan Portfolio Sep 30, 2012 Jun 30, 2012

1 85% of completed GFA located in Tokyo and Osaka Total Valuation US$8,673 million US$8,393 million

Commenced development under fund management WALE 5.4 years 5.4 years platform. Strong growth in fund fees to US$8.6 Lease ratios 2 98% 99% million, up 59% quarter-on-quarter No. of completed properties 84 84 Portfolio well leased at 98% 2 Completed properties Stable rents with high retention rate of 81% 3.6 3.6 (GFA sqm mil) NAV 3 growth of 12% year-on-year NAV 3 US$4,069 million US$3,929 million

Lease ratios 2 (%) and Rental (Yen/sqm/mth)2 Japan Portfolio (GFA sqm mil) 3.8 4.00.2 4.1 0.2 0.3 99% 99% 99% 99% 98% 0.2 1,100 100% 0.2

1,050 80% 60% 3.6 3.6 3.6 1,000 1,085 1,077 1,077 1,078 1,080 40% 2.8 2.8 2.8 950 20%

900 0% FY2010 FY2011 FY2012 1Q FY13 2Q FY13 1Q 2012 2Q 2012 3Q 2012 4Q 2012 1Q 2013 2Q 2013

Note: Completed properties 1. Includes properties in our subsidiaries and jointly-controlled entities based on 100% basis. Properties under development or being repositioned 2. Stabilised logistics portfolio; rental includes management fee Land held for future development 33 3. Reportable segment NAV in IFRS consolidated accounts GLP Park Lingang 04 . Strategy

01. Company Overview 02. Market 03. Platform 04. Strategy 05. Appendix GLP Park Ponto Frio Guarulhos GLP Yokohama GLP Park Lingang Strategically Growing the Portfolio

China Japan Brazil

Disciplined investment approach GLP Japan Development Venture GLP is partnered with CPPIB, Enter new sub-markets with 50:50 JV with CPPIB to CIC and GIC in two JVs to ≥ 75% lease ratio build modern logistics establish largest logistics platform Start new phase of existing properties in Japan in Brazil project when lease ratio ≥ Approx. US$425mm of Presence in 22 cities in 7 85% projects have been started major markets Indicative demand of 1.5 to Levered IRRs of over 18% 2 times demand before GLP Japan Logistics Partners starting a new development Three-way JV between CIC Stabilized JV (CPPIB-CIC-GIC) (50%), CBRE (16.7%) and 34 stabilized assets and 1 Organic growth (development GLP (33.3%) to acquire 15 development project starts) modern logistics facilities 1.3mm sqm of completed FY2013 target: 2.0m sqm GLA (+20% YoY) GLP J-REIT Monetizing 30 stabilized Development JV (CPPIB-GIC) Acquisition growth - acquire Japan assets for US$2.6bn Development JV of 5 stakes in companies with quality Creation of perpetual projects assets to enhance “Network capital vehicle for future 0.9mm sqm of development Effect” capital recycling in Japan pipeline

35 Recycling Capital to Enhance Shareholder Value

Short cash conversion cycle enhances returns while limiting risk exposure Capital Recycling Model Logistic properties have short cash conversion cycle of 1.5 years from investment to achieving stabilized cash flows Short cash Utilize conversion recurring Other sectors such as office and retail properties cycle have much longer cash conversion cycles income streams Utilize recurring income streams from completed properties to fund near-term growth FY2012 net cash flow generated from operations amounted to US$418m, up 16% from FY2011 Rebalance Target rebalancing of GLP’s portfolio with to other GLP portfolio high growth markets Grow portfolio in China, Brazil and other growth markets Monetization of Japanese assets 36 GLP Park Wuqing 05. Appendix

01. Company Overview 02. Market 03. Platform 04. Strategy 05. Appendix GLP Amagasaki GLP Park Suzhou GLP Park Transfar Suzhou

37 2Q FY2013 Key Highlights

Revenue increased by 25% to US$173 million China Revenue grew by 70% to US$59 million

EBIT ex-revaluation 1 increased by 26% to US$129 million China EBIT ex-revaluation 1 increased by 75% to US$39 million

PATMI ex-revaluation 1 remained unchanged at US$104 million Excluding FX gains, PATMI ex-revaluation 1 would have increased by 29% to US$88 million China PATMI ex-revaluation 1 increased by 109% to US$21 million

Gain in fair value of investment properties amounted to US$115 million and US$7 million for subsidiaries and jointly-controlled entities (net of tax) respectively.

Net cash flow generated from operations of US$111 million

Note: 1 “Revaluation” refers to the changes in fair value of investment properties of subsidiaries and the share of changes in fair value of investments properties of jointly-controlled entities, net of 38 deferred tax 1H FY2013 Key Highlights

Revenue increased by 28% to US$343 million China Revenue increased by 72% to US$116 million

EBIT ex-revaluation 1 increased by 32% to US$260 million China EBIT ex-revaluation 1 grew by 84% to US$76 million

PATMI ex-revaluation 1 increased by 19% to US$211 million Excluding FX gains, PATMI ex-revaluation 1 would have increased by 40% to US$181 million China PATMI ex-revaluation 1 increased by 153% to US$44 million

Gain in fair value of investment properties amounted to US$160 million and US$19 million for subsidiaries and jointly-controlled entities (net of tax) respectively.

Net cash flow generated from operations of US$251 million

• Market-leading position in China and Japan • 468 properties with total 10.5 million sqm of completed GFA STRONG STRONGCORE • High stabilised logistics lease ratios of 90% and 98% for China and Japan respectively CORE PORTFOLIO PORTFOLIO • New and expansion leases up 59% quarter-on-quarter to 471,603 sqm • China same-store NOI for 1H - up 10.3% year-on-year

SUSTAINABLE • Land held for future development of 2.9 million sqm of GFA, up from 2.0 million sqm of GFA year- DEVELOPMENT on-year PLATFORM • Development completion of 356,111 sqm of GFA

BEST-IN-CLASS • Leveraging GLP’s strong relationships with global institutions and management experience FUND • Focused on building platform MANAGEMENT PLATFORM • Strong growth in fund fees to US$8.6 million, up 59% quarter-on-quarter

• Robust capital structure provides stability and flexibility HEALTHY • Refinanced JPY15 billion (US$189 million) debt in Japan, with weighted average maturity of 6.4 yrs CAPITAL • Further strengthened capital base with issuance of JPY15 billion (US$192 million) 2.7% unsecured BASE bonds due in 2027 • Low leverage: net debt to assets of 23.5%

40 Diversified Exposure Across Industries

Lease profile by End-user Industry 1 (by Leased Area 2)

China Japan Auto & Parts, Auto & Pharma / 3% Retail/ Fast Parts, Medical Food Chain, Retail/Fast 9% Instruments, Electronics/ 13% Food Chain, 5% High-tech, 27% Electronics/ 20% Pharma / High-tech, Medical 16% Others, 9% Instruments, 3% FMCG, 20% Others, 4% General FMCG, 41% General Logistics Machinery, Logistics Services, 9% 1% Services, 19%

E-commerce represents 18% of leased area in China and 11% in Japan

Notes: 1. Include both completed logistics properties and pre-lease for logistics properties under development 2. As at Sep 30, 2012. 41 3. Any discrepancy between individual amounts and total is due to rounding. Well Staggered Lease Expiry Profile

LeaseAs at ExpirySeptember Profile 30, (by 2012 Leased Area)

As at Sept 30, 2012

34%

29%

15% 15% 13% 11% 12% 16% 12% 44% 18% 9% 16%

11% 11% 14% 14% 6%

FY13 FY14 FY15 FY16 FY17 Beyond FY18

Japan China

Notes: 1. Group percentages in italics above the bars 42 2. Any discrepancy between individual amounts and total is due to rounding. Detailed Notes to Financial Highlights and Portfolio Summary

Notes

1 Exchange rates used in the preparation of the full year financials and the portfolio summary are as follows:

Balance sheet As at As at Income statement 1 Jul 12 1 Jul 11 1 April 12 1 April 11 items 30 Sept 12 31 Mar 12items to 30 Sept 12 to 30 Sept 11 to 30 Sept 12 to 30 Sept 11 Month end closing rates: - Reporting period average rates:- RMB / USD 6.33 6.32 RMB / USD 6.33 6.41 6.32 6.45 JPY / USD 77.67 82.28 JPY / USD 78.69 77.78 79.41 79.68 SGD / USD 1.23 1.26 SGD / USD 1.25 1.22 1.26 1.23

2 “Pro-rata GFA” and “Pro-rata valuation” refer to GFA and valuation of properties in our subsidiaries, including non-wholly owned entities, and jointly-controlled entities (including our share of newly acquired Japan portfolio held for sale), pro-rated based on our interest in these entities. 3 “Other facilities” includes container yard and parking lot facilities, which are in various stages of completion. 4 “Properties under development or being repositioned” consists of five sub-categories of properties: (i) properties that we have commenced development, (ii) a logistics facility that is being converted from a bonded logistics facility to a non-bonded logistics facility, (iii) a logistics facility that is being converted from a no n-bonded logistics facility to a bonded logistics facility, and (iv) a logistics facility which will be upgraded into a standard logistics facility (v) a logistics facility that is waiting for clearance from relevant government departments 5 “Land held for future development” refers to land which we have signed the land grant contract and/or we have land certificate, including non-core land and properties occupied by Air China and the Government or its related entities, that GLP doesn’t wish to own and will sell.

43 Consolidated Income Statements

(US$'000) Three-month Three-month Six-month Six-month period ended period ended period ended period ended Sept 30, 2012 Sept 30, 2011 Sept 30, 2012 Sept 30, 2011 Revenue 172,938 138,549 343,483 267,658 Other income 1,816 978 3,537 3,595 Management fees (372) (17) (544) (34) Property-related expenses (26,339) (22,168) (51,387) (44,072) Other expenses (27,492) (20,782) (52,397) (37,903) 120,551 96,560 242,692 189,244 Share of results (net of income tax) of jointly-controlled entities 14,595 34,492 37,042 37,118

Share of results 7,916 3,794 18,306 6,661 Share of changes in fair value of investment 6,679 30,698 18,736 30,457 properties Profit from operating activities after share of results of 135,146 131,052 279,734 226,362 jointly-controlled entities Net finance costs (9,728) 9,463 (18,848) (279) Interest income 2,020 1,435 5,276 1,937 Net borrowing cost (28,789) (29,513) (57,527) (55,626) Foreign exchange gain 15,386 34,797 29,836 47,821 Changes in fair value of financial derivatives 1,655 2,744 3,567 5,589 Non-operating (expenses)/income 364 1,571 (838) 1,598 Profit before changes in fair value of 125,782 142,086 260,048 227,681 investment properties Changes in fair value of investment properties 114,790 89,717 159,547 116,780 Profit before income tax 240,572 231,803 419,595 344,461 Income tax (34,364) (29,949) (58,563) (44,719) Profit for the period 206,208 201,854 361,032 299,742 Attributable to Equity holder of the company 194,536 200,684 347,487 297,964 Non-controlling interests 11,672 1,170 13,545 1,778 Profit for the period 206,208 201,854 361,032 299,742

44 Consolidated Statement of Financial Position

(US$'000) As at As at Sept 30, 2012 Mar 31, 2012 Investment properties 11,160,362 10,228,084 Jointly-controlled entities 869,694 791,267 Deferred tax assets 23,430 22,125 Plant and equipment 8,859 8,109 Intangible assets 496,447 498,158 Other investments 51,488 45,564 Other non-current assets 70,169 64,087 Non-current assets 12,680,449 11,657,394 Trade and other receivables 231,471 219,738 Cash and cash equivalents 1,434,287 1,616,112 Assets classified as held for sale 116,505 86,886 Current assets 1,782,263 1,922,736 Total assets 14,462,712 13,580,130 Share capital 5,943,440 5,942,724 Capital securities 595,650 590,115 Reserves 1,668,103 1,255,066 Equity attributable to equity holder of the company 8,207,193 7,787,905 Non-controlling interests 538,850 520,322 Total equity 8,746,043 8,308,227 Loans and borrowings 3,041,170 3,169,089 Financial derivative liabilities 8,802 4,367 Deferred tax liabilities 499,995 447,321 Other non-current liabilities 194,598 166,449 Non-current liabilities 3,744,565 3,787,226 Loans and borrowings 1,450,563 1,006,293 Trade and other payables 504,869 462,667 Financial derivative liabilities 5,944 7,502 Current tax payable 10,728 8,215 Current liabilities 1,972,104 1,484,677 Total liabilities 5,716,669 5,271,903 45 Total equity and liabilities 14,462,712 13,580,130 Investor Ambika Goel, CFA SVP- Capital Markets and Investor Relations Tel: +65 6643 6372 Relations Email: [email protected] Contact