ProLogis European Properties announces the purchase of units to remunerate non-executive directors

08/10/2009

ProLogis European Properties announces the purchase of units to remunerate non-executive directors

ProLogis European Properties (Euronext: PEPR), one of Europe’s largest owners of modern distribution facilities, announced that it expects to purchase €100,000 of PEPR units over today’s trading day.  These units will be paid to PEPR’s non-executive directors as part of their annual remuneration package.

-Ends-

For further information, please contact:

Investor relations

ProLogis European Properties

Jennifer van der Eem

+44 207 518 8708

jvandereem@prologis.com

Media

M:Communications

Ed Orlebar / Charlotte McMullen

+44 20 7920 2323 or 7920 2349

orlebar@mcomgroup.com / mcmullen@mcomgroup.com

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 (NYSE: PLD), a leading global provider of industrial distribution facilities. In September 2006, PEPR was listed on Euronext Amsterdam.

As at 30 June 2009, PEPR has a portfolio of 232 buildings, covering 4.9 million square metres in 11 European countries, with a market value of €3.0 billion. The portfolio has an occupancy level of 96.9% and an average of 3.6 years to the next lease break or 5.8 years to lease expiry.

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