PROLOGIS EURO PROP : PEPR results of Annual General Meeting 2012

27/06/2012

Luxembourg - ProLogis European Properties (Euronext: PEPR), one of Europe's largest owners of modern distribution facilities, announces that at its Annual General Meeting, held today, all resolutions were passed.

Final voting position:

Resolution number		For	Against	Abstention	Not Present
1	Approval of the financial accounts of PEPR for the year ending 31 December 2011	205,196,033	0	0	1,051,407
2	Appointment of KPMG Audit S.à r.l. as independent auditor for a term of one year until the annual general meeting of PEPR to be held in 2013	205,196,033	0	0	1,051,407
3	Re-election of Didier Cherpitel as Independent Board Member for a term of three years	205,196,033	0	0	1,051,407
4	Resolution to wind-up PEPR in accordance with the revised Article 20 of the Management Regulations and confirmation of the appointment of the Management Company as liquidator	205,196,033	0	0	1,051,407

Total ordinary units in issue as at 22 June 2012: 206,247,440.

With regard to Item 4, the winding up of PEPR, Prologis, Inc. ("Prologis") has indicated that it will opt for an in specie distribution of assets.  As part of this undertaking, Prologis will assume responsibility for all liabilities of PEPR.

As at 26 June 2012, Prologis owns 99.5% of the ordinary units and 98.6% of the preferred units of PEPR.

-Ends-

For further information, please contact:

Investor relations
Jennifer Crooke
[phone]
[e-mail]

Media
M:Communications
Charlotte McMullen
[phone]
[e-mail]

About ProLogis European Properties (PEPR)

ProLogis European Properties, or PEPR, is one of the largest pan-European owners of high quality distribution and logistics facilities. PEPR was established in 1999 as a closed-end, real estate investment fund, externally managed by a subsidiary of Prologis, Inc. (NYSE: PLD), a leading global provider of industrial distribution facilities. In September 2006, ordinary units in PEPR were listed on the Luxembourg Stock Exchange and Euronext Amsterdam.

As at 31 March 2012, PEPR had a portfolio of 210 buildings, covering 4.5 million square metres in 11 European countries, with a market value of €2.5 billion. The portfolio has an occupancy level of 93.6% and an average of 3.0 years to the next lease break or 5.1 years to lease expiry.