Mapletree Logistics Trust : Isse of 300,881,000 New Units in Mapletree Logistics Trust Pursuant to the Private Placement

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

Capitalised terms used herein, but not otherwise defined, shall have the meanings ascribed to them in the circular of Mapletree Logistics Trust dated 28 August 2017 (the "Circular").

Further to the announcements dated 13 September 2017 and 14 September 2017 in relation to the private placement (the "Private Placement") of 300,881,000 new units in Mapletree Logistics Trust ("MLT", and the new units in MLT, the "New Units"), Mapletree Logistics Trust Management Ltd., in its capacity as manager of MLT (the "Manager"), wishes to announce that 300,881,000 New Units pursuant to the Private Placement will be issued today at the issue price of S$1.175 per New Unit. With the issue of 300,881,000 New Units pursuant to the Private Placement, the total number of Units in issue will be 2,802,753,921.

The New Units pursuant to the Private Placement will, upon issue, rank pari passu in all respects with the existing Units in issue on 21 September 2017 (being the day immediately prior to the date on which the New Units pursuant to the Private Placement are issued), including the right to any distributions which may be paid for the period from 22 September 2017 (being the date on which the New Units pursuant to the Private Placement are issued) to 31 December 2017, as well as all distributions thereafter, but will not be entitled to participate in the distribution prior to their issue, including the advanced distribution paid for the period from 1 July 2017 to 21 September 2017, being the day immediately prior to the date on which the New Units pursuant to the Private Placement are issued (the "Advanced Distribution"), and the Preferential Offering.

The New Units issued will be listed and quoted on the Main Board of Singapore Exchange Securities Trading Limited at 9.00 a.m. today.

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

22 September 2017

The value of units in MLT ("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 Singapore Exchange Securities Trading Limited (the "SGX-ST"). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

This Announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units.

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

This announcement may contain forward-looking statements that involve risks and uncertainties. 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, competition from similar developments, shifts in expected levels of property rental income, changes in operating expenses (including employee wages, benefits and training costs), property expenses and governmental and public policy changes. Investors are cautioned not to place undue reliance on these forward- looking statements, which are based on the Manager's view of future events.

The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States except pursuant to an exemption from, or transactions not subject to, the registration requirements of the Securities Act and in compliance with any applicable state securities laws. Any public offering of securities to be made in the United States would be made by means of a prospectus that may be obtained from an issuer and would contain detailed information about such issuer and the management, as well as financial statements. There will be no public offering of the securities referred to herein in the United States.