Mapletree Logistics Trust : Completion of Divestment of Senai-UPS, Malaysia

(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 5 July 2004 (as amended))

ANNOUNCEMENT

COMPLETION OF DIVESTMENT OF SENAI-UPS, MALAYSIA

Further to its press release dated 5 December 2017, Mapletree Logistics Trust Management Ltd., as Manager of Mapletree Logistics Trust ("MLT"), wishes to announce that the divestment of Senai-UPS in Malaysia has been completed today.

Following this divestment, MLT's portfolio stands at 124 properties, comprising 49 properties in Singapore, 9 in Hong Kong, 20 in Japan, 9 in Australia, 11 in South Korea, 9 in China, 14 in Malaysia and 3 in Vietnam. The total book value of these properties is approximately S$6.2 billion1.

By order of the Board

Wan Kwong Weng

Joint Company Secretary

Mapletree Logistics Trust Management Ltd. (Company Registration No. 200500947N) As manager of Mapletree Logistics Trust

11 January 2018

Important Notice

This Announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for units in MLT ("Units"). The value of Units and the income derived 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 of MLT may only deal in their Units through trading on the Singapore Exchange Securities Trading Limited ("SGX-ST"). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

The past performance of MLT is not necessarily indicative of the future performance of MLT.

The information in this Announcement must not be published outside the Republic of Singapore and in particular, but without limitation, must not be published in any United States edition of any publication.

1 Based on MLT's book value of investment properties as at 30 September 2017 and taking into account the acquisition of Mapletree Logistics Hub Tsing Yi, Hong Kong which was completed on 12 October 2017.