Luxembourg - 20 August 2012 - ProLogis European Properties (Euronext: PEPR), one of Europe's largest owners of modern distribution facilities, announced today that it will pay a liquidation distribution of €6.55 per ordinary unit on 27 August 2012. The ex-distribution date is 22 August 2012 and the record date is 24 August 2012.

In accordance with the PEPR wind-up process, commenced on 27 June 2012, the €6.55 per ordinary unit liquidation distribution equals estimated EPRA NAV per ordinary unit as at 27 August 2012 less a provision for estimated wind-up costs ("estimated Residual EPRA NAV"). The estimated Residual EPRA NAV is based on the 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 by KPMG, who will also carry out certain agreed-upon procedures on 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 (ProLogis Management S.à r.l., the management company of PEPR) and taken into account in determining the payment, if any, to be made to ordinary unitholders on the final distribution date.