Acquisition of 30 Boon Lay Way and 22A Benoi Road, Singapore

18 March 2008

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Agenda

� Details of the properties:

� 30 Boon Lay Way Singapore 609957

� 22A Benoi Road Singapore 629893

� Impact on MapletreeLog

� Acquisitions are DPU-accretive

� Tenant concentration

� Asset mix

� Average lease duration

� Unexpired lease of underlying land

� Geographical allocation of portfolio

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30 Boon Lay Way

� Purchase Price : S$48.0 million

� Valuation: S$ 48.6 million by Chesterton International Property Consultants Pte Ltd on 5 March 2008

� Land tenure: 30 + 15 yrs, expiring in July 2034

� Land area : 38,936 sqm (approx.)

GFA : 37,201 sqm (approx.)Lettable area : 37,201 sqm (approx.)

� Lessee : Cougar Express Logistics Pte Ltd., a wholly owned subsidiary of Cougar Holdings Pte Ltd.

� Lease terms : 10 years with option to extend for further 5 year periods

� Outgoings: Tenant bears property tax, land rent and property maintenance expenses

The property comprises a two-storey warehouse with a four-storey office building.

It is located in the vicinity of the International Business Park. It is easily accessible via the Ayer-Rajah Expressway and is within close proximity to the Jurong Port as well as Jurong Industrial Estate.

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22A Benoi Road

� Purchase Price : S$7.6million

� Valuation : S$7.8 million by Chesterton International Property Consultants Pte Ltd on 5 March 2008

� Land tenure: 30 + 20 years, expiring in February 2030

� Land area : 10,489 sqm (approx.)

GFA : 6,948 sqm (approx.)Lettable area : 6,948 sqm (approx.)

� Lessee : Cougar Express Logistics Pte Ltd.

� Lease terms : 10 years with option to extend for further 5 year periods

� Outgoings: Tenant bears property tax, land rent and property maintenance expenses

The property comprises two blocks of single-storey warehouse with a two-storey office block.

It is located along Benoi Road, off Pioneer Road. The surrounding area consists of industrial and engineering facilities. The property is easily accessible via the Ayer Rajah Expressway and is within close proximity to the Jurong Port and the Jurong Industrial Estate.

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Acquisitions are DPU-accretive

0.11 Singapore centsDPU impact1

(proforma annualised impact)

8.0%

30 Boon Lay Way

Total Return (over 10 years)

1. Assuming MapletreeLog had purchased, held and operated the properties for the whole of the financial year ended 31 December 2007 (based on 70 properties) and that the acquisitions are fully funded by debt

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Acquisitions are DPU-accretive

0.02 Singapore centsDPU impact1

(proforma annualised impact)

7.8%

22A Benoi Road

Total Return (over 10 years)

1. Assuming MapletreeLog had purchased, held and operated the properties for the whole of the financial year ended 31 December 2007 (based on 70 properties) and that the acquisitions are fully funded by debt

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Better Tenant Diversification

Pre-Acquisition (portfolio of 78 properties, including announced acquisitions)

Post-Acquisition (portfolio of 80 properties, including announced acquisitions, 30 Boon Lay Way and 22A Benoi Road)

Top 10 Tenants of the Entire Portfolio by Gross Revenue for the Month of December 2007

4.5%

3.7%

1.4%

3.5%

3.1%

2.6%

2.3%

1.9%

1.7%

1.4%

4.3%

3.6%3.5% 3.4%

3.0%

2.6%

2.2%

1.9%

1.6%

1.4%

0%

1%

1%

2%

2%

3%

3%

4%

4%

5%

5%

Ever Gain Group Teckwah Industrial M enlo NEC Logist ics Ltd Nichirei Kyoto Kanto property

tenant

Vopak Terminals Fu Yu Corporation Sealogist ics Pte

Ltd

ISH

Pre-acquisition Post-acquisition

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Asset mixBefore the acquisition After the acquisition

(1) Pre-Acquisition (portfolio of 78 properties, including announced acquisitions); Post-Acquisition (portfolio of 80 properties, including announced

acquisitions, 30 Boon Lay Way and 22A Benoi Road )

(2) 30 Boon Lay Way & 22A Benoi Road have been classified under the “Non FTZ 3PL” category

(3) The charts’ Gross Revenue figures are computed for the month of December 2007, assuming that all new acquisitions announced after

September 2007 have contributed to the total gross revenue for the month

Gross Revenue Contribution by Trade (Pre-Acquisition)

Non-FTZ 3PL

47.4%

FTZ 3PL

6.1%

Industrial

Warehousing

13.5%

Food & Cold Storage

5.3%

Distribution Centre

24.1%

Oil & Chemical

Logistics

3.6%

Gross Revenue Contribution by Trade (Post-Acquisition)

Non-FTZ 3PL

48.5%

Industrial

Warehousing

13.2%

Food & Cold Storage

5.2%

Distribution Centre

23.6%

Oil & Chemical

Logistics

3.5% FTZ 3PL

6.0%

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Average lease duration

5.9 years5.8 yearsWeighted average lease term to expiry

Post-Acquisition (80 properties including

30 Boon Lay Way and 22A Benoi Road)

Pre-Acquisition(78 properties)

Lease Expiry Profile by Gross Revenue

(for the Month of December 2007)

13.6%

9.1%7.4%

42.3%

18.9%

7.8%

13.3%

7.6%

43.5%

7.3%

18.5%

8.9%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

Expiring in 2008 Expiring in 2009 Expiring in 2010 Expiring in 2011 Expiring in 2012 Expiring after 2012

Pre-Acquisition Post-Acquisition

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Unexpired lease of underlying land

160.6 years163.2 yearsWeighted average of unexpired lease term of underlying land

Post-Acquisition (80 properties including 30 Boon Lay Way and

22A Benoi Road)

Pre-Acquisition(78 properties)

For purposes of computation, land tenure for all the freehold properties is assumed to be 999 years

Remaining Years to Expiry of Underlying Land Lease

0.6%

5.4%

15.3%

28.8%

7.4%

0.6%

7.3%

15.0%

7.2%

42.5%

28.2%

41.6%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

0 - 20 yrs 21 - 30 yrs 31 - 40 yrs 41 - 50 yrs 51 - 60 yrs > 60 yrs

% o

f T

ota

l L

ett

ab

le A

rea

Pre-Acquisition Post-acquisition

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Geographical allocation of portfolio

Before the acquisition After the acquisition

(1) Pre-Acquisition (portfolio of 78 properties, including announced acquisitions); Post-Acquisition (portfolio of 80 properties, including announced

acquisitions, 30 Boon Lay Way and 22A Benoi Road)

(2) The charts’ Gross Revenue figures are computed for the month of December 2007, assuming that all new acquisitions announced after

December 2007 have contributed to the total gross revenue for the month

Country Allocation - By Gross Revenue

(Pre-Acquisition)

South Korea

1%

Japan

14%

Malaysia

6%

Hong Kong

22%

China

6%

Singapore

51%

Country Allocation - By Gross Revenue

(Post-Acquisition)

South Korea

1%

Japan

14%

Malaysia

6%

Hong Kong

21%

China

6%

Singapore

52%

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Disclaimer

The value of units in MapletreeLog (“Units”) and the income 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 may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. The past performance of MapletreeLog is not necessarily indicative of its future performance.

This release 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. Representatives 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, property expenses and governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward looking statements, which are based on current view of management on future events.

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