SOCIAL | page 14 of 19

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globe to Denver, Colorado, to learn more about the company's history and mission. In total, ProLogis spent more than $1.6 million for employee training in 2007. Moving forward, we have increased our commitment to training with the establishment of a new Training and Development department.

All of our employees receive regular performance reviews, and in 2007, we established an enhanced performance review system to increase the consistency of feedback at the corporate level. We also have a compensation tracking program, a metrics data program and an internship program for career development.

Approximately 36% of our employees have been trained in ProLogis' anticorruption policies and procedures. We have had no acts of corruption take place, nor have we had to engage in any legal actions to address anti-competitive, anti-trust or monopoly practices. We believe that our relationships with our employees are good, and our employees are generally not represented by any collective bargaining agreements. Additionally, as construction is typically outsourced to contractors, the vast majority of ProLogis associates are employed in administrative or managerial positions. Therefore the company does not experience a significant number of health or safety issues.

HUMAN RIGHTS
ProLogis affirms the company's commitment to Equal Employment Opportunity. We believe that our associates are our most important assets and seek to hire and retain superior associates by committing to excellent employment standards.

ProLogis will recruit, hire, train, promote and compensate candidates for employment and our current associates without regard to race, color, age, religion, sex, national origin, disability or sexual orientation. All other personnel actions, including, but not limited to, disciplinary action and fringe benefits programs, will be based on the same principles. In North America, ProLogis had two incidents of discrimination raised during the year. Our attorneys have responded to both incidents, and they are still open. Neither Europe nor Asia reported any discrimination incidents.

Currently, ProLogis Human Resources associates with hiring responsibility typically attend at least one diversity-related career fair each year.

ProLogis follows all relevant federal and state laws applicable to individuals with disabilities, Vietnam-era and disabled veterans and endeavors to maintain guidelines and practices that meet the standards required by law.

ProLogis University at Manual High School

In August 2007, 350 ProLogis employees spent a day revitalizing the campus of Manual High School, located in an inner-city neighborhood in the greater Denver area. Every two years, ProLogis brings its new hires from all over the world into one location for ProLogis University, a three-day-long event that aims to educate, train and motivate. It includes a series of motivational meetings and networking opportunities for new employees, along with functional training in development, property management, marketing and accounting. For an entire day of this event, the group participates in a community service project. Last year, 350 employees gathered in Denver to revitalize Manual High School, a school that had been shut down by Denver Public Schools due to low student attendance and poor academic performance. What the school needed most was support from the community and a boost in morale. ProLogis employees spent a day giving the school a facelift with new landscaping, new paint and general repairs. Their efforts represented over 2,000 hours of ProLogis volunteer time and - along with an $80,000 donation from the company - helped turn the fate of the school onto a positive path. The school reopened after the summer on August 20, 2007, with a renewed spirit and sense of hope.

SOCIAL | page 14 of 19

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