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About Prologis European Logistics Fund

Prologis European Logistics Fund, FCP-FIS (the “Fund”) was formed in August 2007 as an open-ended vehicle with the purpose of owning and operating core industrial distribution properties across Europe.

PELF Fund Overview

€19,651.9M

Net Market Value

€5,018.7M

Outstanding Debt

23.2%

Loan-To-Value

781

Properties in 12 Countries

15.0M

Square Metres

98.8%

Percent Occupied

86.0%

Customer Retention YTD

Data as of 31 December 2022. Loan-to-Value based on Gross Market Values. Percent Occupied refers to the occupancy of the Operating Portfolio.

Prologis International Funding II S.A.

Prologis European Logistics Fund, FCP-FIS (“PELF”) acts as guarantor under the Prologis International Funding II S.A. and Prologis International Funding IV S.A. EUR 10,000,000,000 Guaranteed Euro Medium Term Note Programme (the “Programme”). Prologis International Funding II S.A. and Prologis International Funding IV S.A. are wholly-owned subsidiaries of PELF. The Fund is a €20 billion open-ended fund with a portfolio of 15.0 million square metres across 12 countries. PELF has A- / A3 credit rating¹ by S&P and Moody's respectively. As at 31 December 2022, Prologis, Inc. holds 23.7 per cent of PELF.

Notes issued under the Programme are, and may in the future be, listed on the Euro MTF market of the Luxembourg Stock Exchange.

¹A securities rating is not a recommendation to buy, sell or hold securities and is subject to revision or withdrawal at any time by the rating organisation