GLP J REIT : Obtainment of CASBEE Certifications

August 1, 2022

For Immediate Release

Real Estate Investment Trust Securities Issuer:

GLP J-REIT

Representative: Yoshiyuki Miura, Executive Director

(Security Code: 3281)

Asset Management Company:

GLP Japan Advisors Inc.

Representative: Yoshiyuki Miura, President

Contact: Shinji Yagiba, CFO

(TEL: [phone])

Obtainment of CASBEE Certifications

GLP J-REIT announces that the following properties owned by GLP J-REIT have received the "S", "A" or "B+" rating under the CASBEE real estate evaluation certification, as stated below.

GLP J-REIT set a goal of "Achieve an environmental certification of at least 80% on total floor space by 2024", and GLP J-REIT has achieved the goal well ahead of the targeted schedule by the obtainment of these certifications, which ratio has increased to 80.04%.

1. Properties newly obtained CASBEE Certifications

No.	Tokyo-42	Osaka-2	Tokyo-4
Property Name	GLP Higashi-Ogishima III	GLP Hirakata II	GLP Tomisato
Location	Kawasaki, Kanagawa	Hirakata, Osaka	Tomisato, Chiba
Rank of Certification
	Rank S	Rank S	Rank A
Property Photo

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No.	Tokyo-40	Osaka-9	Osaka-23
Property Name	GLP Higashi-Ogishima II	GLP Sakai	GLP Rokko IV
Location	Kawasaki, Kanagawa	Sakai, Osaka	Kobe, Hyogo
Rank of Certification
	Rank A	Rank A	Rank A
Property Photo
No.	Tokyo-4
Property Name	GLP Funabashi
Location	Funabashi, Chiba
Rank of Certification
	Rank B+
Property Photo

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2. Overview of CASBEE for Real Estate Certification

CASBEE (Comprehensive Assessment System for Built Environment Efficiency) is a comprehensive rating system provided by the Institute for Building Environment and Energy Conservation, a nonprofit organization supervised by the Japanese government, which assesses and evaluates buildings' environmental functions based on various factors including environmentally friendly construction materials and workplace comfort/amenities, and how the building complements the local community and environment.

CASBEE Certifications are based on a five-scale system ("Rank S (excellent)", "Rank A (very good)", "Rank B+ (good)", "Rank B-(slightly inferior)" and "Rank C (inferior)"), for buildings that have been completed for more than one year.

3. GLP J-REIT's Future Initiatives

GLP J-REIT and GLPJA together in collaboration with our sponsor group, the GLP Group, give the utmost consideration to environmental protection, and fulfill their social responsibilities in ensuring the health and safety of our customers and local communities as well as employees.

As a key confirmation of our overarching commitment to integrating such social responsibilities for the sustainability of the society into our core business practices, we have established various policies including our Environmental, Social and Governance (ESG) policies, and have taken various individual initiatives on a company as well as investment property basis.

This stance toward sustainability is also underpinned by the stated mission of GLP Group, which is to "create best-in-class logistics facilities by maximizing value for all stakeholders including our investors, customers and communities in which we live and operate", and the BELS and ZEB certifications granted to the above properties are part of its execution.

GLP J-REIT and GLPJA will continuously and actively make efforts to contribute for realizing sustainable society through its investment and asset management of logistic properties.

• For more information on the ESG initiatives of GLP J-REIT, please clickhere. GLP J-REIT website address: https://www.glpjreit.com/en/

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