The Board Of ProLogis Announces Dividends On Preferred Shares Of Series C, F And G

The board of ProLogis declares a dividend in the amount of $1.0675 per Cumulative Redeemable Series C preferred share, payable on 31 December 2008, to shareholders of record on 16 December 2008. ProLogis is an international owner, manager and developer

By None

The board of ProLogis declares a dividend in the amount of $1.0675 per Cumulative Redeemable Series C preferred share, payable on 31 December 2008, to shareholders of record on 16 December 2008.

ProLogis is an international owner, manager and developer of distribution facilities. Its Series C preferred share dividends are cumulative and payable quarterly at an annualized rate of $4.27 per share. The Board also announces a dividend of $0.4219 per Cumulative Redeemable Series F preferred share, payable on 31 December 2008, to shareholders of record on 16 December 2008. Series F preferred share dividends are cumulative and payable quarterly at an annualized rate of $1.6875 per share.

A dividend of $0.4219 per Cumulative Redeemable Series G preferred share is payable on 31 December 2008, to shareholders of record on 16 December 2008. Series G preferred share dividends are cumulative and payable quarterly at an annualized rate of $1.6875 per share.

L.D.

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