1. 1 ProLogis in Shanghai -ProLogis Park Lingang May, 2006

2. 2 A Glance at Shanghai  GDP: US$114.05 billion  Export: US$90.742 billion  Import: US$95.623 billion  FDI: US$6.85 billion Economy Index 2005 Source: State Statistics 2005

3. 3 Outer Ring Road Infill Location - Shanghai ProLogis Park Northwest Pudong Int’l Airport Lingang New City Expressway to Hangzhou Expressway to Qingpu Shanghai- Ningbo Expressway To Yangshan Port ProLogis Park Lingang ProLogis Park Jiading ProLogis Park Minhang ProLogis Park Songjiang

4. 4 ProLogis Park Lingang  Site Area: 3,200,000 sqm  Potential Build-out: 929,000 sqm located at the Southeastern tip of Shanghai in the Lingang Industrial Area. 32km from the Yangshan Deep Water Port 37km from Pudong International Airport 75km from the Shanghai CBD 80km from the Hongqiao Airport Immediately adjacent to and along the Park is the Intermodal Train Yard, the Hu Lu Highway (A2) and the Lianggang Highway that connect directly to Shanghai's major transportation network ProLogis Park Lingang is a collaboration between ProLogis, the Shanghai Lingang Group, and their Joint-Venture Company "Shanghai Lingang ProLogis International Logistics Development Co., Ltd."

5. 5 Yangshan International Port – Import/Export Distribution  At 25 million TEU capacity, will be largest port in the world  Launched in Dec, 2005 5 container berths Initial capacity of 2.2 million TEUs annually (European trade lanes)  Designed for 5th and 6th generation container vessels  32 km East Sea Bridge; 4 lanes in each direction linking terminal to mainland  North America trade lanes will be transferred to Yangshan Port from WaiGaoQiao by the end of 2006

6. 6 Lingang Industrial Area East Sea Bridge Yangshan International Deep Water Port Yangshan Port Aerial View Yangshan Port (Phase 2) East Sea Bridge Yangshan Port (Phase I)

7. 7 Planning Characteristics Five Zones in Lingang Main City Area Main Industry Area Heavy Equipment Industrial Area Comprehensive Area Total Area :300 km 2 (Size Equivalent to Half of Singapore) Logistics Park: Distribution & Warehousing Facilities (Bonded / Non-Bonded), Customs. Main Industrial Area: Modern Equipment Industry, Export Processing Industry, and High-Tech Industry. Comprehensive Area: High-Tech City Industries, IT, Education, R&D, Tourism and Holiday / Leisure Residences and Business Services. Main City Area: Municipal Public Service Facilities and City Residential Areas. Heavy Equipment Industry Area Logistic Park

8. 8 75 km to downtown 37 km to Pudong Airport To Zhejiang & Jiangsu 32 km to Yangshan Port ProLogis Park Lingang Location Main City Area Main Industrial Area Heavy Equipment Industrial Area ProLogis Park Lingang Lingang New City Master Plan Expressway Railway Metro Line Railway Terminal East sea Bridge

9. 9 ProLogis Park Lingang Aerial Perspective Lot C Lot A Lot D Current Portfolio SF Completed Developments 530,632 Underdevelopment -Facilities1.13 M -Container Yard1.72 M Opportunities7.5 M

10. 10 Project Outline ProLogis Park Lingang (Lot C) - Current Property (Phase I- C1, C3) Project Name: ProLogis Park Lingang (I-C1,C3) Location: Lingang Industrial Park, Shanghai Site Area: 107,000 sqm GFA: 49,300 sqm Leased: 50% to Nice Talent Logistics (Servicing for Schenker and K&N) Customer Potential: DHL; Oriental Logistics C-3 C-1

11. 11 Project Outline ProLogis Park Lingang (Lot C) - New Development (Phase I-C2) Project Name: ProLogis Park Lingang (I-C2) Location: Lingang Industrial Park, Shanghai Site Area: 53,500 sqm GFA: 24,600 sqm Pre-Lease: 25% to Baisui Logistics Customer Potential: Caterpillar, NYK Logistics Construction: July 2006 – Jan 2007 Main Industrial Area Heavy Equipment Industrial Area East Sea Bridge ProLogis Park Lingang Heavy Equipment Industrial Area Main Industrial Area Lingang New City Main City Area C-2

12. 12 ProLogis Bonded Park Lingang - New Development Project Outline Project Name: ProLogis Bonded Park Lingang Location: Yangshan Free Port, Shanghai Site Area: 46,500 sqm (500,525 sf) GFA: 23,200 sqm (249,725 sf) Construction: June 2006 – Dec 2006 Advantages of Yangshan Free Port: - In YangShan Free Port Area - the only free port in China enjoying most favorable bonded logistics Policies; - enclosed area regarded as outside of China’s customs territory; - strong attraction of 3PLs, manufacturers engaged in import & export logistics services

13. 13 ProLogis Bonded Park Lingang Aerial Perspective

14. 14 Container Yard (Lot A) - New Development Project Outline Project Name: ProLogis Park Lingang (Lot A) Location: Lingang Industrial Park, Shanghai Site Area: 192,600 sqm Pre-Lease: 100% to Nice Talent Logistics (Build-To-Suit Project) Construction: Apr 2006 – Aug 2006

15. 15 Project Outline Project Name: ProLogis Park Lingang (Lot A) Location: Lingang Industrial Park, Shanghai Site Area: 200,778sqm GFA: 51,303sqm Yard Area: 50,000sqm Customer Potential:Brilliant Logistics; Oriental Logistics Construction: Aug 2006 – Feb 2007 CFS Facility Plan (Lot D) - New Development

16. 16 www.prologis.com.cn Address: F a c i l i t i e s G l o b a l S t r a t e g i c Fax number: 2708 Azia Center 1233 LuJiaZui Ring Road ， Pudong, Shanghai 200121 +8621 61053999 Phone number: +8621 61053900