May 2006 Pro Logis China -Pro Logis

May , 2006 Pro. Logis China -Pro. Logis Park Northwest -Pro. Logis Park Suzhou 1

Pro. Logis Park Northwest • Site Area: 180, 000 sqm • GFA: 80, 400 sqm (865, 425 sf) Pro. Logis Park Northwest is strategically located in the Shanghai Northwest Logistics Development Zone. The zone is close to the Outer Ring Road as well as major expressways leading from Shanghai to the other areas of China, including 204 and 312 national roads, Hujia and Huning expressways. • One of three logistics hubs designated by Shanghai Municipal government • Relatively close to downtown and major Shanghai expressways • Two roads connect to Outer Ring Road • In an area with over 100, 000 sqm of distribution facilities serving Schneider, Carrefour, Hymall, Hualian, the Tobacco Group, the Pharmaceuticals Group and several other major companies. 2

Pro. Logis Park Northwest (Phase I) - Inventory & BTS Project Outline Project Name: Location: Site Area: GFA: Leased: Customer: Pro. Logis Park Northwest (I) Northwest Logistics Development Zone, Shanghai 106, 000 sqm (1. 1 msf) 48, 400 sqm (521, 000 sf) 100% Yum!, Huier, NYK, Menlo Phase I Built to for Y Suit UM! 3 Phase II

Pro. Logis Park Northwest (Phase II) - Inventory Project Outline Project Name: Location: Site Area: GFA: Pre-Leased: Customers: Construction: Pro. Logis Park Northwest (Phase II) Northwest Logistics Development Zone, Shanghai 74, 000 sqm (0. 8 msf) 32, 000 sqm (344, 450 sf) 33% Bright Dairy Feb 2006 – Late 2006 Phase I Built to for Y Suit UM! 4 Phase II

Pro. Logis Park Northwest - Clients 5

Pro. Logis Park Northwest Customer Name 1 Yum Leased Area (sf/sm) Type of Business 134, 015/12, 450 Restaurant Chain 2 Huier Logistics 115, 390/10, 720 3 PL 3 Bright Dairy 113, 412/10, 536 Food 4 NYK 65, 360/6, 073 3 PL 5 MOL 65, 358/6, 072 3 PL 6 Swire 49, 443/4, 593 3 PL 7 Wurth 33, 552/3, 117 Other 8 UPS 31, 808/2, 955 3 PL 9 Menlo 24, 082/2, 237 3 PL Total 632, 420/58, 753 6

Geographic Location - Suzhou 7

Suzhou & Suzhou Industrial Park 8

Suzhou Macro Economy Square kilometer Million [Data Source: Shanghai Stats 2005 & Suzhou Stats 2005] 9

Suzhou Macro Economy 10 RMB Billion US$ Billion [Data Source: Shanghai Stats 2005 & Suzhou Stats 2005] 10

Suzhou Macro Economy US$ Billion [Data Source: Shanghai Stats 2005 & Suzhou Stats 2005] 11

Pro. Logis Park Suzhou Manufacturing § Suzhou facts • Located 60 minutes northwest of Shanghai • Population of more than 6. 06 million • Ranked highest in FDI and in top 5 China cities for GDP and export growth • 107 of the Fortune 500 have investments in Suzhou § Suzhou Industrial Park • Total planning area of 260 sq km with over 120, 000 employees • Top 3 industrial zones with fastest growth in China • Annual economic growth rate ~ 40% • Attracted total FDI over $10. 28 billion by the end of 2005 12

Pro. Logis Park Suzhou Location Shanghai-Nanjing Highway Exit Modern Boulevard Shanghai-Beijing Railway State Rd. 312 gis ro. Lo P Park u ho Suz Highway Exit City Subway Highway Exit Airport Highway to Hongqiao Airport Industrial Residential Suzhou-Hangzhou Highway Circular City Highway Commercial Greenery 13

Pro. Logis Park Suzhou - Acquisition & Development Project Outline Project Name: Location: Site Area: GFA: Leased: Customer: Phase II Acquisition Phase I Acquisition 14 Pro. Logis Park Suzhou Industrial Zone, Suzhou 636, 200 sqm (6. 8 msf) 229, 700 sqm (2. 5 msf) 89% Samsung, L’Oreal, Adidas, Nokia, UPS, Yokogawa, KWE Phase III Development

Pro. Logis Park Suzhou (Phase IV) - Inventory Project Outline Project Name: Location: Site Area: GFA: Construction: Pro. Logis Park Suzhou (Phase IV) Suzhou Industrial Zone, Suzhou 92, 000 sqm (990, 300 sf) 44, 000 sqm (473, 600 sf) Jan 2006 – Mid-2006 Phase III Development Phase II Acquisition BTS for Adidas Phase I Acquisition 15

Pro. Logis Park Suzhou (adidas) - Build to Suit Project Outline Project Name: Location: Site Area: GFA: Pre-Lease: Construction: Phase II Acquisition Phase I Acquisition 16 Pro. Logis Park Suzhou (Adidas) Suzhou Industrial Zone, Suzhou 140, 000 sqm (1. 5 msf) 61, 000 sqm (656, 600 sf) 100% (Adidas) Jan 2006 – Mid-2006 Phase III Development BTS for Adidas

Pro. Logis Park Suzhou - Clients 17

S t r a t e g i c G l o b a l Phone number: +8621 61053999 Fax number: +8621 61053900 www. prologis. com. cn 18 F a c i l i t i e s Address: 2708 Azia Center 1233 Lu. Jia. Zui Ring Road， Pudong, Shanghai 200121