Results of Annual General Meeting 2008
Luxembourg - 22 May 2008 - ProLogis European Properties (Euronext:
PEPR), Europe's largest owner of modern distribution facilities,
announces that at its Annual General Meeting, held today, all the
resolutions were passed.
Final voting position:
+-------------------------------------------------------------------+
| Resolution number | For | Against | Abstention |
|----------------------------+------------+------------+------------|
| 1 | Approval of the | | | |
| | financial accounts of | | | |
| | PEPR for the year | 98,912,466 | 0 | 108,416 |
| | ending 31 December | | | |
| | 2007 | | | |
|---+------------------------+------------+------------+------------|
| 2 | Appointment of the | | | |
| | Independent Auditor, | | | |
| | Ernst & Young S.A. for | | | |
| | a term of one year | 99,020,882 | 0 | 0 |
| | until the annual | | | |
| | general meeting of | | | |
| | PEPR to be held in | | | |
| | 2009. | | | |
|---+------------------------+------------+------------+------------|
| 3 | Re-election of Sylvia | | | |
| | Tóth as Independent | | | |
| | Board Member. | | | |
| | In accordance with | | | |
| | article 4 of the | | | |
| | Management | | | |
| | Regulations, the | | | |
| | Nomination Committee | 75,934,108 | 23,086,774 | 0 |
| | has recommended Sylvia | | | |
| | Tóth be re-elected to | | | |
| | the Board for the full | | | |
| | three year term | | | |
| | Sylvia Tóth was | | | |
| | appointed to the Board | | | |
| | at IPO. | | | |
|---+------------------------+------------+------------+------------|
| 4 | Re-election of | | | |
| | Geoffrey Bell as | | | |
| | Independent Board | | | |
| | Member. | | | |
| | In accordance with | | | |
| | article 4 of the | | | |
| | Management | | | |
| | Regulations, the | | | |
| | Nomination Committee | 75,934,108 | 23,086,774 | 0 |
| | has recommended | | | |
| | Geoffrey Bell be | | | |
| | re-elected to the | | | |
| | Board for the full | | | |
| | three year term | | | |
| | Geoffrey Bell was | | | |
| | appointed to the Board | | | |
| | at IPO. | | | |
+-------------------------------------------------------------------+
Total ordinary units in issue: 190,522,441.
-Ends-
For further information, please contact:
Investor relations
ProLogis European Properties +44 20 7518 8708
Jennifer van der Eem, VP Investor Relations
jvandereem@prologis.com
Media
M:Communications +44 20 7153 1523 or 7153 1549
Ed Orlebar / Charlotte McMullen
orlebar@mcomgroup.com / mcmullen@mcomgroup.com
About ProLogis European Properties (PEPR)
ProLogis European Properties, or PEPR, which listed on Euronext
Amsterdam on 22 September 2006, is the largest pan-European owner of
high quality distribution and logistics facilities. Established in
1999, PEPR is a real estate investment fund (organised as a
Luxembourg closed-ended fonds commun de placement) externally managed
by a subsidiary of ProLogis (NYSE: PLD), the world's largest owner,
manager and developer of industrial distribution properties.
As at 31 March 2008, PEPR has a portfolio of 317 buildings, owned
both directly and indirectly, covering 6.9 million square metres in
12 European countries, with an open market value estimated at ¤5.4
billion. The combined portfolio has an occupancy level of 98.2% and
an average of 5.1 years to the next lease break or 6.9 years to lease
expiry. Of the combined portfolio, PEPR's directly owned properties
comprise 247 buildings, covering 5.2 million square metres in 11
European countries, with an open market value estimated at ¤4.1
billion.
