SOCIAL | page 15 of 19

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CORPORATE GIVING AND PRO BONO ENGAGEMENT
We build our economic portfolio to include a budget for in-kind donations. We believe that charitable efforts provide long-term return on investment and greatly contribute to our social sustainability.

In 2001, the ProLogis Foundation was established with the goal of providing financial support to institutions of higher education and charitable organizations across North America. In 2007, ProLogis donated $5 million to the Foundation, approximately 0.5% of net earnings, to help support its efforts. We have plans to hire a foundation manager in 2008 and are formulating a plan to better manage charitable activity and fund allocations.

To facilitate access to our distribution parks and mixed-use developments, we frequently redevelop roads and interchanges for public benefit. The first stage in any development process is to conduct an environmental impact assessment to determine if there is a need to conduct infrastructure upgrades in order to minimize impact on the local community.

For example, as a part of The Bridge development, a 264-acre, mixed-use site near Dartford in the United Kingdom, we constructed a bridge over the M25 motorway - one of Europe's busiest highways - to connect the property with existing infrastructure. The bridge spans 150 meters and forms part of the bus route for the revolutionary Fastrack public transportation system. Fully funded by ProLogis, we worked in partnership with Dartford Burough Council to create plans and build the £20 million bridge.

	Rendering of ProLogis' expanded global headquarters

HEADQUARTERS EXPANSION
ProLogis formally opened its new global headquarters in Denver, Colorado, in February 2006. The five-story, LEED-certified building comprises more than 89,000 square feet of space and is home to approximately 350 associates. In this building, we provide single-stream recycling, environmentally friendly janitorial and office supplies, and 100% compostable and biodegradable products in our on-site cafeteria.

A year-and-a-half later, we began planning to expand our corporate office. Our explosive growth had resulted in a strong need for more people serving in corporate functions such as accounting, finance, human resources and marketing. In October 2007, we broke ground on an expansion of our headquarters facility.

This facility will also be LEED certified, and we are aiming for a silver rating. At completion, the building will comprise four stories totaling 93,350 square feet and will connect to the first building via an all-glass, ground-level corridor. Uniquely, the roof of the connector will feature a "green" landscaped area with native grass and shrubs.

Enhancements to the second building will include improved air quality, additional energy efficiency enhancements and building insulation, more natural light and carbon dioxide monitoring in the ductwork. The building is scheduled for completion in late 2008.

SOCIAL | page 15 of 19

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