GLP Global Footprint and Financial Highlights

Capital Recycling Strategy GLPA ■ ■ Revaluation gains are not just accounting profits - GLP has generated US$1.8bn cash profit from US$6.9bn of asset sales since FY12 The fund management provides a platform for GLP to: - - Realize cash profit from development sales and asset appreciation Grow fund management AUM to generate higher recurring income from management fees Capital Recycling Initiatives (FY12 - YTD FY17) Asset Sales (US$ billion) • GLP and GLP Japan Income • GLP sells 1/3 stake in 6.9 Partners I sell assets China business to US$6.9bn of assets monetized investor consortium in 1.8 FY14 4.7 1.1 US$1.8bn cash profit realized 2.1 5.1 3.6 0.7 1.5 Japan China Investment Cost Cash Profit Total 15

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