| Announce of Appointment of Non-Executive & Non-Independent Director and member of Investment Committee | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | GLOBAL LOGISTIC PROP LIMITED |
| Company Registration No. | 200715832Z |
| Announcement submitted on behalf of | GLOBAL LOGISTIC PROP LIMITED |
| Announcement is submitted with respect to * | GLOBAL LOGISTIC PROP LIMITED |
| Announcement is submitted by * | Julie Koh Ngin Joo |
| Designation * | Company Secretary |
| Date & Time of Broacast | 15-Nov-2013 06:35:38 |
| Announcement No. | 00005 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Date of Appointment * | 14/11/2013 |
| Name * | Luciano Lewandowski |
| Age * | 54 |
| Country of principal residence * | Brazil |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) * | The Nominating and Governance Committee has recommended the appointment of Mr. Luciano Lewandowski as a Non-Executive & Non-Independent Director of the Company and the Board of Directors has approved the appointment based on his qualifications and working experience. |
| Whether appointment is executive, and if so, area of responsibility * | Non-Executive |
| Job Title * | Non-Executive & Non-Independent Director and member of Investment Committee |
| Working experience and occupation(s) during the past 10 years * | 2012 to current Principal & Founder, Agribusiness Investimentos Ltda. 2003 to 2012 Founder and Managing Member, Prosperitas, GP Investimentos Imobiliarios 1999 to 2003 Managing Director, Rio Bravo Investimentos |
| Shareholding in the listed issuer and its subsidiaries * | None |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | None |
| Conflict of interest * | Mr. Lewandowski holds a remaining economic interest in affiliates of Prosperitas Investimentos S.A. ("Prosperitas"). Certain affiliates of Prosperitas had on 14 November 2012 sold to GLP the property holding companies comprising GLP-s portfolio of stabilised and development properties in Brazil (the "GLP Brazil Portfolio"). For further details, please refer to GLP-s announcement dated 14 November 2012 entitled "GLP, Canada Pension Plan Investment Board, China Investment Corporation and Government of Singapore Investment Corporation form Joint Ventures to Acquire Properties in Brazil" (the "Announcement"). Certain terms of the purchase agreements entered into between GLP and the affiliates of Prosperitas for the acquisition of the GLP Brazil Portfolio, including provisions relating to representations and warranties, indemnity and adjustment of the purchase price in the event of non-fulfilment of certain development milestones as disclosed in the Announcement, are currently still in effect and will remain effective for various periods, which will generally expire in November 2014. In addition, the total purchase price for the properties sold by Prosperitas may be subject to further adjustments upon the occurrence of certain events which may take place during the remainder of 2013 and 2014. |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) | Prosperitas, GP Investimentos Imobiliarios |
| Present | 1. Agribusiness Investimentos Ltda. 2. Agribusiness Participacoes Ltda. 3. Calaari Participacoes Ltda. 4. Prosperitas Participacoes Ltda 5. Altere Securitizadora Ltda. 6. Schedar Empr. E Participacoes Ltda. 7. Fazenda Itauna S.A. |
| >> Information required under Rule 704(7)(h) | |
| Disclose the following matters concerning a director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given. | |
| (a) * Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner? | No |
| (b) * Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency? | No |
| (c) * Whether there is any unsatisfied judgement against him? | No |
| (d) * Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such purpose? | No |
| (e) * Whether he has ever been convicted of any offence, in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach? | No |
| (f) * Whether at any time during the last 10 years, judgement has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation or dishonesty on his part)? | No |
| (g) * Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation? | No |
| (h) * Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation? | No |
| (i) * Whether he has ever been the subject of any order, judgement or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| (j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :- | |
| (i) * any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | No |
| (ii) * any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or | No |
| (iii) * any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No |
| (iv) * any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, | No |
| in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | |
| (k) * Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | No |
| >> Information required under Rule 704(7)(i) | |
| Disclosure applicable to the appointment of Director only. | |
| Any prior experience as a director of a listed company? | No |
| If no, please provide details of any training undertaken in the roles and responsibilities of a director of a listed company | The Company will arrange for Mr. Luciano Lewandowski to receive relevant training to familiarise him with the roles and responsibilities of a director for a listed company. |
