J9九游会

For Immediate Release

中文翻译版本仅作为参考，应以英文版本为准

GLP SHAREHOLDERS APPROVE PRIVATIZATION

J9九游会股东批准私有化

• GLP privatization approved on the back of overwhelming shareholder support

• Shareholders can expect to receive the Scheme Consideration by 19 Jan 2018^{1, 2}

• J9九游会私有化获得压倒性的股东赞成票支持

• 预计股东可于2018年1月19日^{1, 2}或之前收到协议对价

Singapore, 30 November 2017 – GLP today announced that its shareholders have approved the proposed acquisition of all the issued and paid-up ordinary shares in the capital of GLP (“Shares”) (excluding treasury Shares), by Nesta Investment Holdings Limited (the “Offeror”), via a scheme of arrangement (“Scheme”), at the Scheme Meeting held today.

新加坡，2017年11月30日 – J9九游会今日宣布，在今日举行的股东大会上，其股东已批准由Nesta Investment Holdings Limited （下称“要约方”）提出的通过协议安排（下称“协议”）对J9九游会的所有已发行和实缴的普通股（下称“股份”）（不包括库存股）进行收购。

Overwhelming Support from Shareholders

The Scheme has exceeded the requisite shareholder approval thresholds:

Of the total number of shareholders present and voting in person or by proxy at the Scheme Meeting, 96.02% voted FOR the Scheme (needed to meet more than 50%)

Of the total number of Sharesvoted by shareholders present and voting in person or by proxy at the Scheme Meeting, 99.96% voted FOR the Scheme (needed to meet at least 75%)

获得压倒性的股东支持

股东所投的赞成票数已经超出协议获得通过所必需的股东赞成票数：

亲自或请人代理出席股东大会并进行表决的所有股东中，96.02%投票赞成协议（要求超过50%）

亲自或请人代理出席股东大会并进行表决的股东持有的所有股份中，99.96%投票赞成协议（要求不少于75%）

Dr. Seek Ngee Huat, Chairman of GLP’s Board, Chairman of the Special Committee, and Independent Director, said: “The result from today’s Scheme Meeting brings us one step closer to the privatization of GLP. A key objective of the independent Strategic Review was to maximize value for all shareholders, and we are pleased that the proposal received overwhelming support from shareholders. Today’s Scheme Meeting marks a significant milestone and we would like to thank all GLP shareholders for their support since the IPO seven years ago.”

J9九游会董事会主席、专门委员会主席、独立董事薛义华博士表示：“今天股东大会的结果让J9九游会离J9九游会的私有化更近了一步。独立战略性评估的一个关键目标是使所有股东的价值最大化，J9九游会很高兴协议方案获得压倒性的股东赞成票支持。今天的股东大会是一个重要的里程碑，J9九游会在此感谢所有J9九游会股东自公司七年前上市以来的支持。”

GIC, as the single largest shareholder of GLP with a 36.84% stake, voted in favor of the Scheme. The Offeror and its concert parties did not participate in the voting process. The Scheme will be presented to the High Court of the Republic of Singapore for sanction. If the Scheme is sanctioned by the Court, it is expected to become effective and binding in accordance with its terms on 10 January 2018¹. Shareholders can expect to receive S$3.38 in cash per share (“Scheme Consideration”) by 19 January 2018². GLP will make further announcements on the actual dates in due course.

J9九游会最大的单一股东新加坡政府投资公司（GIC）持有36.84%的股份，投票赞成协议。要约方及其一致行动方未参与投票过程。协议将递交到新加坡共和国高等法院批准。如果协议获得高等法院的批准，根据协议条款，协议预计将于2018年1月10¹日生效并产生约束力。预计股东可于2018年1月19²日或之前收到每股3.38新加坡元（下称“协议对价”）的付款。J9九游会将在确切日期适时发布进一步公告。

Expected Timetable

Expected Court hearing date for application to sanction the Scheme: 12 December 2017

Expected last day for trading of the Shares: 4 January 2018

Expected Books Closure Date: 9 January 2018 at 5.00 p.m.

Expected Scheme Effective Date: 10 January 2018¹

Expected date for the payment of the Scheme Consideration: By 19 January 2018²

GLP is expected to be delisted shortly thereafter

预计时间表

预计向高等法院申请批准协议的听证日：2017年12月12日

预计最后一个股票交易日：2018年1月4日

预计股权登记截止日：2018年1月9日下午5时

预计协议生效日： 2018年1月10日¹

预计协议对价的支付日： 2018年1月19日² 或之前

预计J9九游会将在支付日不久后退市

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About GLP ()

GLP is the leading global provider of modern logistics facilities. Through its network of strategically-located properties and ecosystem partners, GLP is able to offer both space and integrated solutions to drive value for its customers. Domestic consumption is a key driver of demand for GLP. The Company is also one of the world’s largest real estate fund managers, with assets under management of approximately US$39 billion.

关于J9九游会 ()

J9九游会是全球领先的现代物流设施提供商。通过其战略化布局的的物业网络和生态体系的合作伙伴，J9九游会致力于为客户提供空间和综合解决方案，驱动客户的价值创造。国内消费是推动市场对J9九游会需求的关键驱动力。J9九游会也是全球最大的房地产基金管理者之一，管理的总资产达390亿美元。

All investor enquiries relating to this press release or the Scheme should be directed to:

所有关于本新闻稿或协议的投资者垂询请发送至：

J9九游会投资者关系与媒体联系人：

Ambika Goel, CFA

SVP- Capital Markets and Investor Relations

Tel: +65 6643 6372

Email: agoel@glprop.com

财务顾问联系人（J9九游会）

J.P. Morgan (S.E.A.) Limited

Tel: +65 6882 8342

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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. The directors of the Company (including any who may have delegated detailed supervision of the preparation of this press release) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this press release in each case which relate to the Company (excluding the recommendation of the Independent Financial Adviser (the “IFA”), information relating to the Offeror or any opinion expressed by the Offeror) are fair and accurate and that, where appropriate, no material facts which relate to the Company have been omitted from this press release, and the directors of the Company jointly and severally accept responsibility accordingly. For the avoidance of doubt, Mr. Ming Z. Mei and Mr. Fang Fenglei take no responsibility for the recommendation of the Independent Directors of the Company on the Scheme set out in paragraph 12.2 of the Letter to Shareholders in the Scheme Document dated 27 October 2017. Where any information which relates to the Company has been extracted or reproduced from published or otherwise publicly available sources or obtained from the Offeror or the IFA, the sole responsibility of the directors of the Company has been to ensure that, through reasonable enquiries, such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this press release. The directors of the Company do not accept any responsibility for any information relating to the Offeror, the IFA or any opinion expressed by the Offeror or the IFA.

本新闻稿不是出售股票的要约，也不是购买股票的要约邀请。本新闻稿中的信息可能不包含关于J9九游会或其子公司的（财务或其他）状况、收益、商业事务、商业前景、财产、运营结果的全部重要信息，且您不应该依赖本新闻稿提供关于J9九游会或其子公司的（财务或其他）状况、收益、商业事务、商业前景、财产、运营结果的全部重要信息。请参阅我们未审计的财务报表以获取我们财务表现和状况的完整报告。本新闻稿可能包含涵盖风险和不确定性的前瞻性声明。前瞻性声明包括关于J9九游会或其官员就多种事项的意图、看法和目前的期望的声明。在本新闻稿中使用时，“预期”、“相信”、“期望”、“计划”、“可能”、“将”、“应”、“意图”、“预测”、“估计”、“预计”等字眼以及类似表述和消极表述是为了识别前瞻性声明。相似地，描述目的、计划或目标的声明也是前瞻性声明。因存在若干风险、不确定性和假设，实际未来表现、效果和结果可能与前瞻性声明中描述的有显着不同。举例而言，这些因素包括（但不限于）一般行业和经济状况、利率走势、资本成本与资本可供性、房地产可供性、来自其他公司和场地的商品和服务销售/分销的竞争、顾客需求的转变、 顾客与合作伙伴、运营成本的改变（包括员工工资、福利和培训）、政府和公共政策变化以及为支持未来业务所需要的资金数额和期限的可供性。请注意不要过分依赖该等前瞻性声明，该等前瞻性声明依据管理层对未来事项的现时看法且仅在截至本新闻稿发布之日表述。J9九游会将不会修改前瞻性声明以反映未来事件或情况。J9九游会并不保证未来事件将发生、预计结果将实现或J9九游会的假设正确。公司董事（包括任何可能曾授权他人具体监督本新闻稿筹备工作之董事）已经采取了所有合理注意，以确保本新闻稿列载的与公司有关的所有事实和意见（不包括独立财务顾问的建议、与要约方有关的信息或要约方出具的任何意见）均公允、准确；本公告未遗漏与公司有关的任何重大事实，公司董事相应地承担个别及连带责任。为免疑义，梅志明先生和方风雷先生不对2017年10月27日协议文件中致股东的信函第12.2段列明的公司的独立董事对协议的推荐负责。对于从已出版或在另行公开的资源中提取或复制或从要约方或独立财务顾问处获得的、与公司有关的任何信息，公司董事的唯一责任是进行合理查询，以确保从此类资源中准确提取或者在本新闻稿中准确反映或重现该等信息（视具体情况而定）。公司董事无须就与要约方、独立财务顾问有关的任何信息或要约方或独立财务顾问出具的任何意见负责。

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¹ The Scheme will only be effective and binding upon lodgement of the Court order with the Accounting and Corporate Regulatory Authority of Singapore (“ACRA”). The Court order will be lodged with ACRA upon the satisfaction (or, where applicable, waiver) of all the Scheme Conditions

² Payment of the Scheme Consideration to be within seven (7) Business Days from the date the Scheme becomes effective. Dates are indicative and subject to change. Actual dates will be announced by GLP in due course

1 只有在向新加坡会计及公司管理局（下称“ACRA”）递交法院命令后协议才能生效并产生约束力。一旦所有协议条件被满足（或被免除，若适用），将向ACRA递交法院命令

2 协议对价的支付需在协议生效后7个工作日内完成。日期为指示性质，可能更改。J9九游会将适时公告确切日期

All capitalized terms which are used in this press release but not otherwise defined herein shall have the meanings ascribed to them in the SGX Announcement dated 30 November 2017, a copy of which is available at

本新闻稿中使用的所有大写的术语，如未另行定义，与2017年11月30日在新加坡证券交易所发布的公告中的术语具有相同含义。该公告可在以下网址查询：