Mapletree Logistics TrustAcquisition of

Higashi Hiroshima Centre in Japan

21 December 2020

Overview of Property

1

Purchase Price1JPY6,370 million

(S$82.1 million)

Valuation2 JPY6,650 million

Land Tenure Freehold

Land Area 85,660 sqm

GFA 26,948 sqm

Clear Ceiling

Height5.5m

Floor Loading 1.5 tonnes/sqm

Occupancy

33% leased to a domestic 3PL serving

prominent industrial end-users as well

as major convenience stores and

supermarket chains in Japan for 5

years

Higashi Hiroshima Centre, Japan

Newly completed in November 2020, the two-storey

single block logistics facility sited on freehold land is

built to modern logistics specifications

Located within the established Shiwa industrial and

logistics cluster of Hiroshima, a strategic regional

distribution hub

Notes:

1. Based on exchange rate of S$1 = JPY77.61

2. Valued by Cushman & Wakefield as at 1 December 2020 based on the income approach and cost approach.

Investment Rationale

2

Established location with excellent connectivity

Centrally located in the Hiroshima prefecture and well connected to Greater Osaka in the

east and Kyushu Island in the west, making it an ideal location for regional distribution

Sited within the established Shiwa industrial and logistics cluster and provides excellent

access to Hiroshima city centre (~22km) and Hiroshima Airport (~26km)

Newly built logistics facility with modern specifications

Completed in November 2020 and built to modern logistics specifications, including clear

height of 5.5m and floor loading of 1.5 tonnes/sqm

Highly functional and versatile design that supports flexible leasing solutions

Expect to enjoy healthy leasing demand from logistics customers due to its strategic

location, where supply of modern warehouse facilities in Hiroshima is limited

Acquisition is expected to be accretive with stabilised NPI yield of 4.5%

Acquisition will be funded by debt. Upon completion, MLT’s aggregate leverage ratio is

projected to be approximately 37.9%1

Note 1:

Based on MLT’s financials as at 30 September 2020 and taking into account:

(i) the proposed acquisition of a portfolio of properties in China, Malaysia and Vietnam as per the announcement “The proposed acquisitions of (a) the remaining 50.0%

interest in 15 properties and a 100.0% interest in seven properties in PRC through the acquisition of property holding companies, (b) the Malaysia Property and (c) a

100.0% interest in one property in Vietnam through the acquisition of a property holding company, as interested person transactions” dated 19 October 2020;

(ii) the equity fund raising which includes a private placement and a non-renounceable preferential offering as per the announcement “Results of the private placement and

pricing of new units under the private placement and preferential offering” dated 21 October 2020; and

(iii) the proposed acquisition of a property in Australia as per the announcement “Mapletree Logistics Trust extends footprint in Australia with A$114 million acquisition” dated

21 October 2020.

Strategic Location with Excellent Connectivity

3

4

Impact on Portfolio

7.5%

3.5% 3.5%

2.4%2.1%

1.7%1.5%

1.4% 1.4% 1.3%

7.5%

3.5% 3.5%

2.4%2.0%

1.7%1.5%

1.4% 1.4% 1.3%

CWT Equinix Coles Group JD.com, Inc. Cainiao Woolworths adidas Hong

Kong Limited

Nippon Access

Group

XPO

Worldwide

Logistics

Nippon

Express

Existing Portfolio Enlarged Portfolio

Top 10 Customer Profile (by Gross Revenue)

5

1

Note 1:

Existing Portfolio is based on a portfolio of 146 properties as at 30 September 2020, inclusive of MLT’s 50% interest in 15 properties in China and also takes into account:

(i) the proposed acquisition of a portfolio of properties in China, Malaysia and Vietnam as per the announcement “The proposed acquisitions of (a) the remaining 50.0%

interest in 15 properties and a 100.0% interest in seven properties in PRC through the acquisition of property holding companies, (b) the Malaysia Property and (c) a

100.0% interest in one property in Vietnam through the acquisition of a property holding company, as interested person transactions” dated 19 October 2020; and

(ii) the proposed acquisition of a property in Australia as per the announcement “Mapletree Logistics Trust extends footprint in Australia with A$114 million acquisition”

dated 21 October 2020.

29.7%

19.0%18.2%

10.7%

7.2%

7.1%5.0%3.1%

Geographical Diversification

6

Ass

et

un

der

Man

ag

em

en

t b

y

Geo

gra

ph

y

(As

at

30

Sep

20

20

)

Gro

ss R

even

ue

by G

eo

gra

ph

y

(2Q

FY

20

/21

)

Existing

Portfolio

China

Hong Kong SAR

Singapore

Japan

Australia

Malaysia

Vietnam

South Korea

Existing

Portfolio

Enlarged

Portfolio

Enlarged

Portfolio

25.4%

25.7%16.6%

11.7%

7.8%

6.2%4.8%

1.8%

Note 1:

Existing Portfolio is based on a portfolio of 146 properties as at 30 September 2020, inclusive of MLT’s 50% interest in 15 properties in China and also takes into account:

(i) the proposed acquisition of a portfolio of properties in China, Malaysia and Vietnam as per the announcement “The proposed acquisitions of (a) the remaining 50.0% interest in 15

properties and a 100.0% interest in seven properties in PRC through the acquisition of property holding companies, (b) the Malaysia Property and (c) a 100.0% interest in one

property in Vietnam through the acquisition of a property holding company, as interested person transactions” dated 19 October 2020; and

(ii) the proposed acquisition of a property in Australia as per the announcement “Mapletree Logistics Trust extends footprint in Australia with A$114 million acquisition” dated 21

October 2020.

25.6%

25.9%16.8%

11.0%

7.8%

6.2%4.8%

1.9%

29.8%

19.0%18.3%

10.5%

7.2%

7.1%

5.0%3.1%

1

1

Lease Expiry Profile (by NLA)

7

Weighted average lease expiry (by NLA) remains at 3.8 years

Existing Portfolio1

Enlarged Portfolio

Single-User Assets Multi-Tenanted Buildings

0.7% 2.1%4.9%

2.1% 3.0%

13.5%10.3%

23.1% 16.0%

9.3%4.1%

10.9%

FY20/21 FY21/22 FY22/23 FY23/24 FY24/25 >FY24/25

11.0% 25.2% 20.9% 11.4% 7.1% 24.4%

0.7% 2.1%4.9%

2.1% 3.0%

13.5%10.3%

23.0% 16.0%

9.3%4.0%

11.1%

FY20/21 FY21/22 FY22/23 FY23/24 FY24/25 >FY24/25

11.0% 25.1% 20.9% 11.4% 7.0% 24.6%

Note 1:

Existing Portfolio is based on a portfolio of 146 properties as at 30 September 2020, inclusive of MLT’s 50% interest in 15 properties in China and also takes into account:

(i) the proposed acquisition of a portfolio of properties in China, Malaysia and Vietnam as per the announcement “The proposed acquisitions of (a) the remaining 50.0%

interest in 15 properties and a 100.0% interest in seven properties in PRC through the acquisition of property holding companies, (b) the Malaysia Property and (c) a 100.0%

interest in one property in Vietnam through the acquisition of a property holding company, as interested person transactions” dated 19 October 2020; and

(ii) the proposed acquisition of a property in Australia as per the announcement “Mapletree Logistics Trust extends footprint in Australia with A$114 million acquisition” dated

21 October 2020.

Remaining Years to Expiry of Underlying Land Lease

(by NLA)

8

Weighted average lease term to expiry of underlying leasehold land (excluding freehold land) is 43.6 years

5.5%

10.3%

17.4%

32.8%

8.1%7.3%

18.6%

5.4%

10.3%

17.3%

32.7%

8.0%7.3%

19.0%

0 - 20 yrs 21 - 30 yrs 31 - 40 yrs 41 - 50 yrs 51 - 60 yrs > 60 yrs (excluding

freehold land)

Freehold

Existing Portfolio Enlarged Portfolio1

Note 1:

Existing Portfolio is based on a portfolio of 146 properties as at 30 September 2020, inclusive of MLT’s 50% interest in 15 properties in China and also takes into account:

(i) the proposed acquisition of a portfolio of properties in China, Malaysia and Vietnam as per the announcement “The proposed acquisitions of (a) the remaining 50.0%

interest in 15 properties and a 100.0% interest in seven properties in PRC through the acquisition of property holding companies, (b) the Malaysia Property and (c) a 100.0%

interest in one property in Vietnam through the acquisition of a property holding company, as interested person transactions” dated 19 October 2020; and

(ii) the proposed acquisition of a property in Australia as per the announcement “Mapletree Logistics Trust extends footprint in Australia with A$114 million acquisition” dated

21 October 2020.

Disclaimer

9

The value of units in Mapletree Logistics Trust (“MLT”, and units in MLT, “Units”) and the income from them may fall as well as rise. Units arenot obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks,including the possible loss of the principal amount invested. Investors have no right to request the Manager to redeem their Units while theUnits are listed. It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-STdoes not guarantee a liquid market for the Units. The past performance of MLT is not necessarily indicative of its future performance.

This presentation may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes andresults may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties andassumptions. Representatives examples of these factors include (without limitation) general industry and economic conditions, interest ratetrends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of property rental income,changes in operating expenses, including employee wages, benefits and training, property expenses and governmental and public policychanges and the continued availability of financing in the amounts and the terms necessary to support future business. In addition, anydiscrepancies in the tables, graphs and charts between the listed amounts and totals thereof are due to rounding. Figures shown as totals intables, graphs and charts may not be an arithmetic aggregation of the figures that precede them. You are cautioned not to place unduereliance on these forward looking statements, which are based on current view of management on future events.