December 30, 2022
FOR IMMEDIATE RELEASE

Nippon Prologis REIT Announces Issuance of New Investment Units
Through Third-Party Allotment
Nippon Prologis REIT, Inc. (“NPR”) today announced that SMBC Nikko Securities Inc. will partially exercise
its option to purchase new NPR investment units originally scheduled to be issued through third-partyallotment (“Third-Party Allotment”).
The Third-Party Allotment was approved at NPR board of directors meetings held December 5, 2022, andDecember 8, 2022, with the issuance of new investment units through public offering (Green Equity Offering)and the secondary offering of investment units (secondary distribution via over-allotment).
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Issuance of New Investment Units through Third-Party Allotment(1) Number of new investment units tobe issued:

2,579 units(Number of investment units originally scheduled to beissued: 3,830 units)(2) Issue amount (amount to be paid):

308,866 yen per unit

(3) Net proceeds:

796,565,414 yen(4) Application period:

Wednesday, January 4, 2023

(5) Payment date:Thursday, January 5, 2023

(6) Purchaser:

SMBC Nikko Securities Inc.

<Reference>
This issuance was concurrently approved at NPR board of directors meetings on December 5, 2022 andDecember 8, 2022, with the issuance of new investment units through public offering and the secondaryoffering of investment units (secondary distribution via over-allotment).
For more details about the Third-Party Allotment, please refer to the press releases, “Nippon Prologis REIT
Announces Issuance of New Investment Units (Green Equity Offering) and Secondary Offering of Investment
Units” dated December 5, 2022, and “Nippon Prologis REIT Announces Board of Directors Decision Regarding
the Pricing for the Issuance of New Investment Units (Green Equity Offering) and Secondary Offering ofInvestment Units” dated December 8, 2022.

Disclaimer:This press release is an announcement concerning the determination of the number of new investment units to be issued
through third-party allotment, and has not been prepared for the purpose of solicitation for investment. This press release
does not constitute any offer of securities in the United States of America. The securities referred to above have not been,and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”). The securities
may not be offered or sold in the United States absent registration or an exemption from registration under the Securities
Act. The securities referred to above will not be publicly offered or sold in the United States.

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Change in the number of investment units issued and outstanding as a result of the Third-PartyAllotment
Current number of issued investment units outstanding:Number of new investment units to be issued through Third-Party Allotment:
Total number of issued investment units after the Third-Party Allotment:

3.

2,746,920 units
2,579 units
2,749,499 units

Use of net proceeds from Third-Party Allotment
Net proceeds from the issuance of new investment units through the Third-Party Allotment (796,565,414yen) will be kept as cash on hand and be deposited with financial institutions until the time of expenditure.
The proceeds will be used to fund future acquisitions of specified assets (as defined in Article 2, Paragraph 1of the Act on Investment Trusts and Investment Corporations of Japan (as amended)) or repay borrowings.

For more information about Nippon Prologis REIT, please visit:https://www.prologis-reit.co.jp/en/index.html
Real Estate Investment Trust Securities Issuer: Nippon Prologis REIT, Inc. (Code 3283)
Tokyo Building 21F, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo
Executive Director: Satoshi Yamaguchi
Asset Management Company: Prologis REIT Management K.K.
Representative: Representative Director and President/CEO Satoshi Yamaguchi
Inquiries: Director and Deputy President/CFO Atsushi Toda Tel: +81-3-6867-8585

Disclaimer:This press release is an announcement concerning the determination of the number of new investment units to be issued
through third-party allotment, and has not been prepared for the purpose of solicitation for investment. This press release
does not constitute any offer of securities in the United States of America. The securities referred to above have not been,and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”). The securities
may not be offered or sold in the United States absent registration or an exemption from registration under the Securities
Act. The securities referred to above will not be publicly offered or sold in the United States.

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