Singapore, 18 March 2008 – Mapletree Logistics Trust Management Ltd. (“MLTM”), Manager of Mapletree Logistics Trust (“MapletreeLog”), is pleased to announce that MapletreeLog, through its Trustee, HSBC Institutional Trust Services (Singapore) Limited, has signed two Put and Call Option Agreements to acquire two warehouses in Singapore for a total consideration of S$56 million.

The two properties (“Properties”) are located at 30 Boon Lay Way (purchase price of S$48 million) and 22A Benoi Road (purchase price of S$8 million). The vendor of the properties is Cougar Holdings Pte Ltd., a wholly owned subsidiary of Menlo Worldwide LLC (“Menlo”), the global logistics unit of NYSE-listed Con-way Inc. (NYSE:CNW).

The Properties will be leased back to Menlo’s Cougar Express Logistics Pte Ltd., for an initial term of 10 years with the option to renew the lease for further consecutive periods of five years each.

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