GLP J-REIT Issues First 20-Year, Ultra-Long Sustainability Bond in J-REIT Market

Tokyo and Singapore, 16 March 2021 – GLP today announced that GLP Japan Real Estate Investment Trust (“GLP J-REIT”) (TSE: 3281) has raised JPY 5 billion (approximately US$46 million) with the issuance of 20-year sustainability bonds. The offering is the first ultra-long sustainability bonds with a 20 year term in the J-REIT market.

GLP J-REIT is a leader in the issuance of ESG bonds (sustainability bonds and green bonds). As part of its environmental sustainability initiatives, GLP J-REIT has provided green finance and issued green bonds on three occasions since December 2018 with a total ESG bond issuance of JPY 31.6 billion (approximately US$290 million), making it the top J-REIT in terms of ESG bonds outstanding.

GLP J-REIT has obtained a SU1 (F)¹ rating, the highest possible rating for JCR Sustainability Finance Framework Evaluation, and focuses on sustainability finance to raise funds for projects that contribute to solving social issues as well as preserving the environment.

Globally, GLP and its strategic partners have raised more than US$1 billion in sustainability linked loans and ESG bonds.

About GLP

GLP is a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies. Our combined investing and operating expertise allows us to create value for our customers and investors. We operate across Brazil, China, Europe, India, Japan, the U.S. and Vietnam and have over US$100 billion in assets under management in real estate and private equity. Learn more at glp.com/global

Media Contact: Meredith Balenske SVP, Global Communications & ESG Tel: +852 6116 6709 Email: mbalenske@glp.com

Investor Contact: Craig A. Duffy Managing Director, Fund Management Tel: +852 3959 7009 Email: cduffy@glp.com

This press release is not an offer of securities for sale or a solicitation of an offer to purchase securities. The information in this press release may not contain, and you may not rely on this press release as providing, all material information concerning the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of GLP or its subsidiaries. This release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements include statements regarding the intent, belief and current expectations of GLP or its officers with respect to various matters. When used in this press release, the words "expects," "believes," "anticipates," "plans," "may," "will," "should," “intends,””foresees,” “estimates,” “projects,” and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Similarly, statements that describe objectives, plans or goals also are forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental and

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1 Credit rating issued by Japan Credit Rating Agency, Ltd. (“JCR”), a third-party evaluation agency