27/09/2007

Luxembourg – 26 September 2007 – ProLogis European Properties (Euronext: PEPR), Europe's largest owner of modern distribution facilities, will be announcing its Third Quarter 2007 Financial Results on Thursday 25 October 2007.

Earnings Release:
ProLogis European Properties' Third Quarter 2007 Financial Results will be released on Thursday 25 October 2007 at 1pm BST / 2pm CET and will be available on the home page and “What's New” page of the PEPR website, www.prologis-ep.com .

Earnings Webcast and Conference Call:
A Webcast and Conference Call with senior management to discuss the Third Quarter 2007 Financial Results and future outlook will be held on Thursday 25 October 2007, at 4pm BST / 5pm CET.

The webcast can be accessed by clicking on the link entitled “Third Quarter 2007 Financial Results Webcast” located on the home page of the PEPR website, www.prologis-ep.com.

To participate in the conference call please dial one of the following numbers:


  Toll free Toll
France 0800 911 462 +33 1 70 99 42 78
Luxembourg 800 21140 +352 342 080 8570
Netherlands 0800 022 5992 +31 20 713 2790
UK 0800 559 3272 +44 20 7138 0814
US 1 866 239 0753 +1 718 354 1157

Replay Information:
A replay of the webcast and a transcript of the call will be available in the “Presentations & Webcasts” page of the Investor Relations section of the PEPR website, www.prologis-ep.com.

The conference call replay will be available from 7pm BST / 8pm CET on Thursday 25 October 2007 until Thursday 8 November 2007. To access the conference call replay, please dial one of the following numbers, using passcode 6469145#.


  Toll free Toll
France 0800 911 479 +33 1 71 23 02 48
Netherlands 0800 027 0028 +31 20 713 2791
UK 0800 559 3271 +44 20 7806 1970
US +1 866 883 4489 +1 718 354 1112


-Ends-

For further information, please contact:

Investor relations
ProLogis European Properties +44 20 7518 8708
Jennifer van der Eem, VP Investor Relations
jvandereem@prologis.com

Media
M:Communications +44 20 7153 1523 or 7153 1549
Ed Orlebar / Charlotte McMullen
orlebar@mcomgroup.com / mcmullen@mcomgroup.com

About ProLogis European Properties (PEPR)

ProLogis European Properties, or PEPR, which listed on Euronext Amsterdam on 22 September 2006, is the leading pan-European owner of high quality distribution and logistics facilities. At the end of June 2007, PEPR's portfolio of real estate was located in 25 submarkets within 11 European countries. Established in 1999, PEPR is a real estate investment fund (organised as a Luxembourg closed-ended fonds commun de placement ) externally managed by a subsidiary of ProLogis, the largest U.S. based real estate investment trust that operates a global network of industrial distribution properties.

As at the end of June 2007, PEPR owned 293 distribution facilities covering approximately 5.8 million square metres of leasable space. PEPR's customers are large third party logistic service providers as well as a broad range of companies in the retail and manufacturing sectors.

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