ProLogis Exceeds 30 Percent Ownership Level in ProLogis European Properties

DENVER, February 26, 2010 - ProLogis (NYSE: PLD), a leading global provider of distribution
facilities, announced today that it holds a total of 57.6 million, or 30.2
percent, of Ordinary Units and 7.0 million, or 68.1 percent, of Perpetual
Convertible Preferred Units of ProLogis European Properties (Euronext: PEPR).
Based on best practices, ProLogis is announcing its current holdings with
respect to 25 and 30 percent Ordinary Unit ownership thresholds. ProLogis
exceeded both ownership percentage thresholds following trades executed on
February 23, which settled on February 26, 2010. Beyond the transactions
described above, ProLogis has purchased additional shares on the open market,
which will be settled next week.

ProLogis previously announced plans to purchase Ordinary Units of PEPR in
the open market or in privately negotiated transactions but at this time does
not intend to exceed 33.33 percent of issued Ordinary Units carrying voting
rights.

About ProLogis

ProLogis is a leading global provider of distribution facilities, with
more than 475 million square feet of industrial space (44 million square
meters) in markets across North America, Europe and Asia. The company leases
its industrial facilities to more than 4,400 customers, including
manufacturers, retailers, transportation companies, third-party logistics
providers and other enterprises with large-scale distribution needs. For
additional information about the company, go to www.prologis.com.

About PEPR

PEPR is one of the largest pan-European owners of high quality
distribution and logistics facilities. It was listed on Euronext Amsterdam in
September 2006 and is externally managed by ProLogis Management S.a r.l, a
wholly owned subsidiary of ProLogis.

Investor Relations, Melissa Marsden of ProLogis, mobile, +1-720-339-7425, office, +1-303-567-5690, mmarsden at prologis.com; or Financial Media, Suzanne Dawson of Linden Alschuler & Kaplan, Inc, +1-212-329-1420, sdawson at lakpr.com, for ProLogis