Recommended Share Offer with a Partial Cash Alternative for SEGRO plc by Prologis, Inc.

On 1 September, shareholders were sent a Scheme Document which explained the Share Combination with "Partial Cash Alternative".

As a shareholder if you wish to receive cash for some or all your holding you should complete and return the Form of Election that has been sent to you as soon as possible. CREST holders will be unable to elect for the Partial Cash Alternative until the settlement timetable is announced via RNS, which is currently expected to occur in H1 2027.

The Scheme is conditional, among other things, on obtaining the requisite level of shareholder approval at the Court and General Meetings to be held on 28 September 2026 and on various regulatory clearances. The Scheme will not become effective until after the Court Hearing, which is currently expected to occur in H1 2027.

You should read the documentation you have been sent.

The Court Meeting and General Meeting are being held at 11.00am & 11.15am on Monday, 28 September 2026, at the offices of UBS, 5 Broadgate, London, EC2M 2QS. If you are unable to join the meeting physically, you are encouraged to return your votes by 11.00 am & 11.15 am on Thursday, 24 September 2026, to Equiniti Limited in the envelope provided. Returning your Proxy votes will not stop you from joining the meeting in person should you subsequently be able to do so. SEGRO Shareholders who hold SEGRO Shares in CREST may also appoint a proxy using CREST by following the instructions set in the Scheme Document.

If you wish to receive the Prologis Shares: you do not need to complete and return the Form of Election or make a TTE Instruction in CREST.

If you are a certificated shareholder and wish to receive the Partial Cash Alternative: you need to complete, sign and return the Form of Election in the envelope provided as soon as possible. You do not need to return your SEGRO Share Certificate(s).

If you hold your shares in CREST and wish to receive the Partial Cash Alternative: you should submit a TTE instruction, full details relating to the TTE instruction can be found in the Scheme Document.

Full details on how to accept the Partial Cash Alternative can be found within the Scheme Document.

Yes. Eligible certificated shareholders will have received a Form of Election for the Partial Cash Alternative. If you wish to receive cash for some, or all, of your SEGRO shares please complete, sign and return the Form of Election in the envelope provided as soon as possible. CREST holders wishing to elect for the Partial Cash Alternative should submit a TTE instruction, full details can be found in the Scheme Document.

The Partial Cash Alternative is subject to the Maximum Cash Amount and therefore shareholders' cash elections may be subject to pro rata scale back (if required) in accordance with the further details set out in the Scheme Document.

Completion of the Combination is currently expected to occur in H1 2027 subject to satisfaction (or waiver) of the outstanding Conditions. An RNS announcement confirming these dates will be made once the settlement timetable is known. Please refer to the “Expected Timetable of Principal Events” in the Scheme Document for further details.

If completion of the Combination occurs, you will receive New Prologis Shares in the manner set out in the Scheme Document that has been sent to you or can be viewed on the right-hand side of this page under Key Documents. The number of New Prologis Shares which you receive will depend on the number of SEGRO Shares which you hold and whether or not you elect for the Partial Cash Alternative.

A summary of certain UK and US tax consequences in respect of the Combination relevant to UK and US shareholders can be found in the Scheme Document.

Shareholders in jurisdictions outside of the UK or the US should consult with their own legal and tax advisers with respect to the tax consequences in their circumstances, under the relevant legislation and regulations of those jurisdictions.