ProLogis European Properties (PEPR) announces Q4 2006 distribution information

09/01/2007

9 January 2007 - Luxembourg – ProLogis European Properties (Euronext: PEPR) today announced timing details of its Q4 2006 distribution.

PEPR confirms that the Q4 2006 distribution will have a record date of 23 January 2007, an ex-dividend date of 24 January and a payment date of 30 January.

An estimate of the amount of the distribution will be announced on 18 January.

Contacts
M:Communications +44 20 7153 1538 or 7153 1523
Sarah Hamilton / Ed Orlebar
hamilton@mcomgroup.com / orlebar@mcomgroup.com

About ProLogis European Properties (PEPR)
ProLogis European Properties, or PEPR, which listed on Euronext Amsterdam in September 2006, is a leading pan-European owner and operator of high quality distribution and logistics facilities. PEPR's portfolio of real estate is located in 25 submarkets within 11 European countries. 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, a leading U.S. based real estate investment trust that operates a global network of industrial distribution properties.

As at the end of September 2006, PEPR owned 275 distribution facilities covering approximately 5.3 million square metres of leasable space. PEPR’s customers are large third party logistic service providers as well as a broad range of companies in the retail and manufacturing sectors.

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