ProLogis European Properties - Dividend Distributions

Ordinary Units

PEPR typically distributes substantially all of its distributable cash flow available to ordinary unitholders on a quarterly basis, whilst providing for anticipated capital expenditure and retaining discretion to reinvest disposal proceeds.

In December 2008, the Board agreed to suspend ordinary dividend payments, including the Q4 2008 distribution, as a condition for a debt covenant amendment on PEPR’s €900 million unsecured Credit Facility and as part of PEPR's strategic initiatives to enhance liquidity .

The Board will revert to paying a dividend as soon as it is prudent to do so and when permitted under the Credit Facility.

Ordinary Dividend	Amount per unit (€)	Ex-dividend date	Record date	Payment date
Q3 2008	0.183166	27 October 2008	29 October 2008	5 November 2008
Q2 2008	0.185843	28 July2008	30 July 2008	5 August 2008
Q1 2008	0.196013	28 April 2008	30 April 2008	6 May 2008
Q4 2007	0.220315	11 February 2008	13 February 2008	14 February 2008
Q3 2007	0.200659	29 October 2007	31 October 2007	06 November 2007
Q2 2007	0.232293	30 July 2007	01 August 2007	07 August 2007
Q1 2007	0.221766	24 April 2007	26 April 2007	30 April 2007
Q4 2006⁽¹⁾	0.202098	24 January 2007	23 January 2007	30 January 2007

^{(1) period from 27 September 2006, the date of the IPO,
to 31 December 2006}

PEPR Class A(1) Convertible Preferred Units

PEPR preferred units pay a cumulative cash distribution of 10.5% per annum, paid quarterly in arrears, which may be deferred for prudent amortisation of debt.

Preferred Dividend	Amount per unit (€)	Ex-dividend date	Record date	Payment date
Q2 2010	0.157392	23 July 2010	27 July 2010	30 July 2010
Q1 2010	0.155663	30 April 2010	4 May 2010	5 May 2010
Q4 2009⁽²⁾	0.015566	09 February 2010	11 February 2010	12 February 2010

^{(2) period from 23 December 2009, the date of listing,
to 31 December 2009}