Luxembourg - 3 August 2012 - ProLogis European Properties (Euronext: PEPR), one of Europe's largest owners of modern distribution facilities, announced today that it has received approval from NYSE Euronext Amsterdam to delist its ordinary units and its Class A(1) Convertible Preferred Units ("preferred units"). The last day of trading will be 21 August 2012 for the preferred units and 31 August 2012 for the ordinary units.

The NYSE Euronext Amsterdam has notified PEPR that the delisting of its stock will be effective on 27 August 2012 for the preferred units and 3 September 2012 for the ordinary units.

An application for the purposes of the delisting of PEPR's ordinary units and preferred units from the Luxembourg Stock Exchange effective as at the same dates as on the NYSE Euronext Amsterdam is pending.

PEPR applied for its ordinary units (ISIN code: LU0100194785) and its preferred units (ISIN code: LU0467842786) to be delisted from both NYSE Euronext Amsterdam and the Luxembourg Stock Exchange following a unitholder vote at PEPR's Annual General Meeting held on 27 June 2012 approving the winding-up of PEPR. The Luxembourg Commission de Surveillance de Secteur Financier approved ProLogis Management S.à r.l., the management company of PEPR, to act as liquidator of PEPR (the "liquidator") and did not have any comments regarding the proposed process to be followed to wind-up PEPR.

On 27 August 2012, preferred unitholders will receive €6.030316 per unit, equivalent to par (€5.93 per unit) plus accrued dividends from 1 July 2012 to 27 August 2012. The ex-dividend date will be 22 August 2012 and the record date will be 24 August 2012.

Ordinary unitholders will receive distributions equal to EPRA NAV per ordinary unit as at 27 August 2012 less a provision for estimated wind-up costs ("Residual EPRA NAV"). The ex-distribution date will be 22 August 2012 and the record date will be 24 August 2012.

PEPR expects to inform the ordinary unitholders on 20 August 2012 of the Residual EPRA NAV to be received, which will be based on the audited financial statements of PEPR as at 30 June 2012 adjusted for an estimate of the results for the period from 1 July to 27 August 2012. The 30 June 2012 financial statements will be independently audited and KPMG will carry out certain agreed-upon procedures in their review of the 27 August 2012 Residual EPRA NAV. Upon the closing of the books and records of PEPR as of 27 August 2012, a comparison between the estimated Residual EPRA NAV and the actual Residual EPRA NAV will be made by the liquidator and taken into account in determining the payment to be made to ordinary unitholders on the final distribution date.

For illustrative purposes and as announced on 26 July 2012, the Residual EPRA NAV as at 30 June 2012 was estimated to be €6.42 per ordinary unit. The Residual EPRA NAV on 27 August 2012 may be different from that estimated as at 30 June 2012.

-Ends