Nippon Prologis REIT : (Updated) SUMMARY OF FINANCIAL RESULTS (REIT) For the 8th Fiscal Period Ended November 30, 2016

FOR IMMEDIATE RELEASE (Updated) SUMMARY OF FINANCIAL RESULTS (REIT) For the 8th Fiscal Period Ended November 30, 2016

Jan. 27, 2017

Nippon Prologis REIT, Inc. announced today that an amendment to the "SUMMARY OF FINANCIAL RESULTS (REIT) For the 8th Fiscal Period Ended November 30, 2016" announced on Jan. 17, 2017 with the amended part underlined, as follows:

Amended part:

P8: "2. Management Policies and Results of Operations (2) Results of Operations (II). Outlook for Next Fiscal Period (ii) Significant Subsequent Events (c) Acquisition of Assets"

P36: "3. Financial Statements (8) Notes to Financial Statements (Notes Related to Material Subsequent Events) (c) Acquisition of Assets"

NPR, according to its basic investment guidelines defined in its article of incorporation, which were based on a resolution made by the board of directors on Dec. 5, 2016, acquired properties described below on Dec. 7, 2016, with th e net proc ee ds from th e public of fering of new inve st ment units (d e scribed ab ove "(a)

Issuan ce o f N ew In ve stm ent Units") and Bridge Loans (described above "(b) Borrowings").

(Omitted)

NPR, according to its basic investment guidelines defined in its article of incorporation, which were based on a resolution made by the board of directors on Dec. 5, 2016, acquired properties described below on Dec. 7, 2016, with Bridge Loans (described above "(b) Borrowings") and cash on hand.

(Omitted)

For more information about Nippon Prologis REIT, please visit: http://www.prologis-reit.co.jp/english/index.html

Real Estate Investment Trust Securities Issuer: Nippon Prologis REIT, Inc. (Code 3283) Tokyo Building 21F, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo

Executive Director：Masahiro Sakashita

Asset Management Company: Prologis REIT Management K.K. Representative: CEO Masahiro Sakashita

Inquiries: CFO Atsushi Toda Tel: [phone]

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