For Immediate Release

GLP LEASES 11,500 SQM (124,000 SQ FT) TO TQUIM IN BRAZIL

New customer relationship for GLP with one of Brazil's leading third party

logistics providers

Tquim strengthening its storage and distribution capabilities to meet increasing demand from domestic consumption

GLP's network and scale provides flexibility for customers to expand

according to their growth plans Singapore, 22 April 2014 - Global Logistic Properties Limited ("GLP"), the largest provider of modern logistics facilities in China, Japan and Brazil, has leased 11,500 square meters ("sqm") (124,000 square feet ("sq ft")) to Tquim ("the customer") at GLP São Bernardo do Campo in São Paulo. The customer is one of Brazil's leading third party logistics ("3PL") providers in the chemical industry, and this lease marks the beginning of their cooperation with GLP.

Mauro Dias, President of GLP Brazil said: "We are very pleased to establish a relationship with this industry leader. GLP São Bernardo do Campo offers the construction and access quality that Tquim needs for its storage and logistics operations. We will continue to support our customers as they expand their distribution capabilities in major markets across Brazil."

Tquim is a 3PL company specializing in transportation and distribution of chemicals to its clients across Brazil. The customer is initiating new storage services in addition to its distribution business to meet growing demand from the chemical industry, and GLP São

http://www.glprop.com 1

Bernardo do Campo provides the ideal location for the company's operations.

GLP São Bernardo do Campo is part of GLP Brazil Income Partners I, in which GLP holds a

34,2% stake. It is located in the sub-market of São Bernardo do Campo, a major industrial and logistics hub within the São Paulo metropolitan region. The park has a total leasable area of 46,500 sqm (500,500 sq ft) and is adjacent to both Imigrantes and Anchieta highways, offering convenient access to the Port of Santos and São Paulo Ring Road which circumnavigates South America's largest city.

About Global Logistic Properties (www.glprop.com)

Global Logistic Properties Limited ("GLP") is the leading provider of modern logistics facilities in China, Japan and Brazil. Our property portfolio of 23.4 million square meters (252 million square feet) is strategically located across 63 cities, forming an efficient logistics network serving 700 customers. We are dedicated to improving supply chain infrastructure for the world's most dynamic manufacturers, retailers and third party logistics companies. Domestic consumption is a key driver of demand for GLP.

The Group is listed on the Mainboard of Singapore Exchange Securities Trading Limited

(SGX stock code: MC0.SI; Reuters ticker: GLPL.SI; Bloomberg ticker: GLP SP).

GLP Investor Relations & Media Contact: Ambika Goel, CFA

SVP- Capital Markets and Investor Relations

Tel: +65 6643 6372

Email: agoel@glprop.com

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This press release is not an offer of securities for sale or a solicitation of an offer to purchase securities. The information in this press release may not contain, and you may not rely on this press release as providing, all material information concerning the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of GLP or its subsidiaries. Please refer to our unaudited financial statements for a complete report of our financial performance and position. This release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements include statements regarding the intent, belief and current expectations of GLP or its officers with respect to various matters. When used in this press release, the words "expects," "believes," "anticipates," "plans," "may," "will," "should," "intends," "foresees," "estimates," "projects," and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Similarly, statements that describe objectives, plans or goals also are forward-looking statements. 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. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, 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 the current view of management on future events and speak only as of the date of this press release. GLP does not undertake to revise forward-looking statements to reflect future events or circumstances. No assurance can be given that future events will
occur, that projections will be achieved, or that GLP's assumptions are correct.

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